Administrative expenses are costs incurred in the general operation of a business that are not directly tied to a specific product or service. Examples include salaries and wages of administrative staff, office supplies, utilities, rent for office space, and professional fees for services like accounting or legal advice. Additionally, expenses related to insurance and depreciation of office equipment also fall under this category. These costs are essential for maintaining the overall functioning of the organization.
utilities
Example of periodic expenses are; Car insurance premium,property taxes, holiday expenses, expenses on certain seasonal activities.
Functional expenses are expenses grouped together according to the purpose for which the expense occurred. Some examples of this would be administrative expenses, program expenses, or cost of goods.
Examples of nominal accounts are losses and expenses of gains or income.
Expenses in forms ofConveyancePostageStationary & PrintingRepairs & Maintenance (Minor) are some examples
it is Administative Expenses And Indirect Expenses
utilities
Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of
Fixed expenses are those expenses which don't have any relation with actual production volume, examples are building rent, administration staff salaries, administration expenses etc
utilities
Example of periodic expenses are; Car insurance premium,property taxes, holiday expenses, expenses on certain seasonal activities.
Functional expenses are expenses grouped together according to the purpose for which the expense occurred. Some examples of this would be administrative expenses, program expenses, or cost of goods.
Examples of nominal accounts are losses and expenses of gains or income.
Shared expenses are costs that are split among multiple people. Examples include rent, utilities, groceries, and transportation costs.
Flexible expenses are costs that can be adjusted or varied based on individual choices and circumstances. Examples include entertainment expenses such as dining out, subscription services, and travel costs. Other examples are discretionary spending on clothing, hobbies, and personal care. Unlike fixed expenses, these costs can be reduced or eliminated if necessary to manage a budget.
Go to User Accounts or Administative tools. It is under there.
Operating expenses are also known as "overhead," and refer to the expenses required to keep a business open. Some examples would include rent for the office building, the cost of paying employees, and the water and electricity bills.