Bookkeeping News & Tips

Accumulated Depreciation

Accumulated Depreciation Defined Accumulated depreciation is the total decrease in the value of an asset accumulated up to a specified date, representing the expired value of that asset. The amount accumulated is subtracted from the original cost of the asset, in order, to arrive at the current ... [More]

Reimbursable Business Expenses - What Qualifies

A reimbursable expense is an expense incurred by an employee while performing work for a client. This can occur when a company bills out materials and labor costs on a cost plus basis, or when an employee makes purchases for either goods or services for the employer. Accounting for these expense... [More]