Category: Bookkeeping

If a company buys a new vehicle for its fleet, the vehicle is considered a capital expenditure. Capital expenditures are defined as the costs of purchasing and upgrading

It monitors and reports disbursements and receipts from the accounts, ensuring proper fund allocations. The branch follows cash basis accounting, which means it involves recording cash at the

In this brief guide, we’ll cover what capital expenditure is, as well as why understanding it is critical, regardless of the industry your business is in. These companies