Jul 16, 2025 · Examples of expenses include rent, utilities, wages, maintenance, depreciation, insurance, and the cost of goods sold. Expenses are usually recurring payments needed to operate a …

Expensify simplifies receipt and expense tracking with automation, spending control, and an easy-to-use platform.

Aug 3, 2022 · Expenses are a normal and important part of doing business globally. Learn more about what is an expense and different types of expenses with our guide.

Expenses are costs that do not acquire, improve, or prolong the life of an asset. For example, a person who buys a new truck for a business would be making a capital expenditure because they have …

Jun 12, 2025 · What is an Expense? An expense is the cost incurred in order to generate revenue or obtain something. An alternative definition is that an expense is the reduction in value of an asset as …

Businesses incur various types of expenses. An expense is a type of expenditure that flows through the income statement and is deducted from revenue to arrive at net income. Due to the accrual principle …

specifically : an item of business outlay chargeable against revenue for a specific period. Note: Business expenses are generally tax deductible in the year the expense is incurred. Note: Capital expenses …

Operating expenses which involve a company’s main activities. A retailer’s operating expenses include the cost of goods sold and its selling, general and administrative expenses.

legal/medical/household expenses [= costs] I'm concerned about the project's hidden expenses. You'll have to pay your own travel/traveling expenses. an all-expenses paid trip [=a journey for which all …

Dec 20, 2024 · Let’s talk about how financial departments and accountants should approach the topic of expenses, the different types of expenses to be aware of, and different metrics and strategies you …