Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Ebony Howard ...

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 ...

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, ...

It's my annual "Taxes from A to Z" series! For the series, I’ll focus on terms that you might see on your tax forms and statements but not necessarily in the headlines. If you’re wondering whether you ...

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 ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.