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 of us have our monthly expenses set up on longer-term running contracts that do not limit usage. For example, you most likely have a monthly limit on the data usage in your cell phone contract, ...

A prepaid asset is an expenditure of money in advance of when the money is due. For example, you might pay up front for a year's rent or insurance, even though the payments are due monthly. Under ...

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 ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Charlene Rhinehart is a CPA , CFE, chair of an ...