Here are some examples of common business expenses:Salaries and wagesThese are monthly or weekly payments to employees for work done for the business. Salaries are paid once a month at the end of the month, while wages are often paid to manual labor or casual workers on a more regular ...
Business expense examples:Meal expenses while traveling on business or food and beverage expenses during social company activities, including holiday parties and happy hours 6. Business use of car You can deduct the associated costs if you use your vehicle for business purposes. This means you’ll ...
Operating expenses, or OpEx for short, are the ongoing expenses a business incurs from its day-to-day operations. They’re the costs of keeping the lights on and the business running — such as rent, salaries, utilities, and marketing. Whether you’re a tech giant or a local bakery, ...
NounI don't think a first-class ticket is worth the addedexpense.The annual fee is simply anexpenseof doing business.A new car is a majorexpense. Recent Examples on the Web Examples are automatically compiled from online sources to show current usage.Opinions expressed in the examples do not...
Share on Facebook Expenses Dictionary Thesaurus Medical Legal Idioms Encyclopedia Wikipedia Related to Expenses:living expenses,Operating expenses Expenses Costsof living or doing business. Examples of personal expenses include themortgagepayment, groceries, and gas for the car. Examples of business expenses...
Insurance expense for which the premium was paid in a prior year Cost of goods sold from the sale of inventory items paid for in a prior year Emergency repairs that were done on December 29, but will be paid when the bill arrives in January The following are a few examples of payments ...
payment of a company’s utility bills reduces cash. However, net assets of an entity may also decrease as a result of payment of dividends to shareholders or drawings by owners of a business, both of which are distributions of profits rather than expense. This is the significance of the lat...
Learn the definition of an operating expense in business. See operating expenses examples and learn how to find operating expenses on an income statement. Updated: 11/21/2023 Table of Contents What are Operating Expenses? Operating Expenses Examples The Income Statement How to Find Operating ...
a company using the cash basis records the expense when it pays the invoice. Under the accrual method, the business accountant would record the carpet cleaning expense when the company receives the service. Expenses are generally recorded on an accrual basis, ensuring that they match ...
A business can eliminate administrative expenses without a direct impact on the product it sells or produces so these costs are typically first in line for budget cuts. Management is strongly motivated to maintain low administrative expenses relative to other costs because this allows a business to ...