Businesses make advance payments for a variety of different expenses. Any expense that is paid in advance of actually receiving the benefit of the payment is considered a prepaid expense for ...

A purchase made on credit, whether on a company credit card or through an established billing arrangement, is an incurred expense until the debt is satisfied and becomes a paid expense. Many companies ...

ST. PAUL -- Year-end tax planning for calendar year 2008 is upon us, and prepaid farm expenses are one area of concern for many farm operators as they execute year-end tax planning strategies. If you ...

Large and small businesses alike are turning to prepaid cards as an expense management tool because of its ease of use and the convenience it offers. Prepaid programs save businesses time and money, ...

Many farmers will purchase farm inputs such as fertilizer, chemicals, seed, etc. before the end of the year even though the dealer has not delivered these products to the farmer. We call these items ...