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Payroll Accrual
The recording of the earnings of employees that have been earned but not yet paid, typically used to accurately represent a company's liabilities.
Annual Payroll
The total amount of wages, salaries, bonuses, and other compensation paid by a business to its employees over a year.
Business Days
Days of the week excluding weekends and public holidays, typically Monday through Friday, when business operations are conducted.
Fixed Charge Coverage
A financial metric evaluating how well a company can pay off its fixed expenses, like interest and leases, using its earnings before interest, taxes, depreciation, and amortization (EBITDA).
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