An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

An accountant uses a suspense account, a temporary account in the business chart of accounts, for recording all or part of a transaction that she doesn't know how else to code. When she identifies the ...

What every business should know about expense accounts An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay ...

Companies use expense accounts to organize and track every dollar that goes out the door during normal operations. When someone says they have an "expense account" at work, they usually mean their ...

Expense accounts are a critical component of overall spend management, giving businesses control over one of their largest cost categories. Without expense accounts, important purchases can get lost ...