Businesses use depreciation on physical assets such as buildings and equipment to spread the cost of the assets over time, allowing the expense to be deducted while the assets are in use. For ...

The closing of revenue and expense accounts are the first two steps in a company's monthly close process. "Closing" these accounts means that the balance is reset to zero and recordkeeping can begin ...

The whole rationale of the expense-account society—aside from the benefits reaped by free-spenders of the company’s money—is that the uninhibited use of high-priced food, liquor and gifts helps ...

Every industry has its Achilles' heel. For fund administrators, it's issues with data integrity and the lack of automation of key operations, such as expense processing. In terms of fund expenses, ...

SECAUCUS, N.J. -- A new survey conducted by the quarterly travel-management magazine, T&E, and NTM Research found that expense account padding is done by nearly one-third (30%) of all business ...

Sales teams are vital to a company, providing the crucial connection between product and story that a potential customer can identify with. In order for sales teams to get the word out about the ...

The Internal Revenue Service cast its cold eye on the nation’s expense account economy, and millions of U.S. taxpayers felt the chill. Henceforth, the collectors revealed last week, each taxpayer must ...