Software development

Definition of Prepaid Expense: Examples & Tips

Content What Is a Prepaid Expense? What are prepaid expenses? prepaid expense Prepaid Expenses: Definition Prepaid Expenses Statement and Definition Understanding Prepaid Expenses The company pays $24,000 in cash upfront for a 12-month insurance policy for the warehouse. The two most common uses of prepaid expenses are rent and insurance. Maximize working capital with the …

Definition of Prepaid Expense: Examples & Tips Read More »