Do you know the difference between cost and expense, or have you ever struggled with a spreadsheet full of confusing and mali data? For Filipino business owners, it’s crucial to understand these key accounting terms to keep financial records accurate.<\/p>\n
While cost and expense might sound the same, they mean different things and are important for financial reports. Many businesses use accounting software to help make financial statements that clearly show all spending and earnings. Read on to understand their difference!<\/p>\n