GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition ...

GASB issued an Invitation to Comment to seek feedback to assist its efforts to develop a revenue and expense recognition model for state and local government accounting. Two potential models are ...

The Governmental Accounting Standards Board is asking for help as it develops a comprehensive model for revenue and expense recognition for state and local governments. GASB released an Invitation to ...

Brex reports that expense management software streamlines processes, improves reimbursement speed, enhances accuracy, and ...

Another major issue in revenue accounting is when to recognize or record the revenue. A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to ...

Historically, expense software has been built with three goals in mind: prevent overspending, enforce policy compliance, and store the necessary data for regulatory, accounting and tax reasons. That’s ...

Whether to deduct an expense in full or capitalize and amortize it is sometimes a difficult decision for owners of small businesses. Your accounting treatment of a major purchase can sometimes make ...