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 ...

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 ...

Most businesses have expenses that include advertising and marketing. In some cases, these services are paid for as they occur, but in other instances, they are paid for upfront and then the activity ...

Businesses and individuals alike incur expenses. To generate revenue, entities must pay for expenses such as supplies, wages, facilities, utilities, rent, equipment, and vehicles. For corporations, ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Crea Taylor / ...

Working capital is the difference between current assets and current liabilities. Prepaid expenses are costs that have already been paid by a company but the service or product exchange has yet to ...