Expenses are costs incurred by a business in order to generate revenue. In other words, expenses are the costs of doing business, such as wages, rent, supplies, and other costs associated with running a business.
Here are some examples of expenses that a business might incur:
Here are some examples of expenses that a business might incur:
- Salaries and wages - The amount paid to employees for their work. This includes salaries, hourly wages, bonuses, and benefits.
- Rent - The cost of leasing a building or office space for the business.
- Supplies - The cost of materials and supplies necessary for the business to operate. This includes things like office supplies, computer equipment, and cleaning supplies.
- Marketing and advertising - The cost of promoting the business and its products or services. This includes things like advertising campaigns, marketing materials, and website development.
- Insurance - The cost of protecting the business from risks such as liability, property damage, or other unforeseen events.
- Taxes - The amount of money paid to local, state, and federal governments in taxes, including income taxes, property taxes, and sales taxes.
- Interest - The cost of borrowing money for the business, such as interest on loans or credit card debt.