A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Expenses

Accounting Expenditures
Accounting Expenditures

In accounting, the word "expenditure" is used to indicate a cost that a company pays to acquire equipment or other assets. Expenditures can also reduce liabilities or be disbursed to owners. They can be considered a type of expense, but expenses and expenditures are listed differently on income statements.

source: reference.com
Advertising, Marketing, and Promotion
Advertising, Marketing, and Promotion

Advertising is often considered paying to deliver and control a marketing message, while promotion is paying to support your marketing efforts more generically. Depending on your accounting goals, you may lump all marketing expenses, such as advertising, promotions and public relations, under one expense category.

image: 2travel2.nl
Benefits, Continuing Education, or Training
Benefits, Continuing Education, or Training

Many employers provide educational benefits for employees. Some of these benefits are for continuing education, to maintain professional licenses, or to gain new skills, credentials, or degrees to benefit both the employee and employer. Self-employed business owners also may be able to deduct education expenses.

Daycare
Daycare

Below are 10 things the IRS wants you to know about claiming a credit for child and dependent care expenses. The care must have been provided for one or more qualifying persons. A qualifying person is your dependent child age 12 or younger when the care was provided.

source: irs.gov
Depreciation of Fixed Assets Assigned to non
Depreciation of Fixed Assets Assigned to non

How to Calculate Depreciation on Fixed Assets. Four Methods: Depreciation Calculators Using Straight Line Depreciation Using the Double-Declining Balance Depreciation Using the Sum of Years Depreciation Community Q&A. Depreciation is the method of calculating the cost of an asset over its lifespan.

source: wikihow.com
Depreciation of Fixed Assets Assigned to non-Production Areas
Depreciation of Fixed Assets Assigned to non-Production Areas

Depreciation of fixed assets assigned to non-production areas; ... the following costs are also examples of operating expenses: ... Depreciation of production ...

Fees, Dues, and Subscriptions
Fees, Dues, and Subscriptions

Use other words to describe the deduction—for example, if you’re deducting membership dues for a trade organization, list the expense as “trade association membership fees.” You may also deduct as a business expense subscriptions to professional, technical, and trade journals that deal with your business field.

source: nolo.com
House / Tenant Insurance
House / Tenant Insurance

Tenant Insurance Understanding basic tenant insurance for contents and liability can help you rest easier. As a tenant, you may be liable for any damage you cause to your building or unintentional harm caused to others who live in or visit the property. Typically, a landlord will require tenants to have insurance as a rental condition in the lease.

source: ibc.ca
image: insureye.com
Insurance (car Insurance, Health Insurance, Life Insurance)
Insurance (car Insurance, Health Insurance, Life Insurance)

Average Cost of Car Insurance. The average annual cost of car insurance paid in the United States was $907.38 in 2014 according to a study commissioned by Quadrant Information Services. This figure will vary wildly state to state and does not always include all forms of coverage and may not be accurately reflect your coverage needs.

Insurance Costs
Insurance Costs

What is insurance expense? Under the accrual basis of accounting, insurance expense is the cost of insurance that has been incurred, has expired, or has been used up during the current accounting period for the nonmanufacturing functions of a business.

Insurance Costs
Insurance Costs

What is insurance expense? Under the accrual basis of accounting, insurance expense is the cost of insurance that has been incurred, has expired, or has been used up during the current accounting period for the nonmanufacturing functions of a business.

Labor
Labor

The cost of labor is the sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer. The cost of labor is broken into direct and indirect (overhead) costs.

Lease / car Loan Payment
Lease / car Loan Payment

You use the lease payment as a deduction if you write off actual vehicle expenses; you cannot use the lease payment as a deduction if you use the standard mileage rate deduction. Closed-End Leases. A closed-end lease is the typical type of lease use for retail car purchase financing.

Legal Fees
Legal Fees

Statutory Fee: The fees in some cases may be set by statute or a court may set and approve a fee that you pay. These types of fees may appear in probate, bankruptcy, or other proceedings. With all types of fee arrangements you should ask what costs and other expenses are covered in the fee.

Legal Fees
Legal Fees

Travel expenses. If the attorney or a member of his or her staff must travel to attend depositions or court hearings, mileage costs and hotel expenses are usually charged to the client. If the attorney or a member of his or her staff must travel to attend depositions or court hearings, mileage costs and hotel expenses are usually charged to the client.

Loans (Student Loans, car Loans, Home Equity Loans)
Loans (Student Loans, car Loans, Home Equity Loans)

Home Equity Loans What Is. A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property and the value of the property is determined by an appraiser from the lending institution.

Mortgage or Rent Payments
Mortgage or Rent Payments

The mortgage you borrowed on to buy the rental property forms part of the cost of your property. Your property is depreciable for tax purposes. Hence your principal payments on the loan are recovered by claiming depreciation on the property.

source: bankrate.com
Mortgage(s)
Mortgage(s)

Your and your spouse's filing status. Basic income information including amounts of your income. An estimated total (if applicable) of the amounts paid for mortgage interest, points, and/or mortgage insurance premiums (normally reported to you on Form 1098).

source: irs.gov
Office Equipment and Supplies
Office Equipment and Supplies

Office expenses and office supplies are different tax deductions when filing a business tax return with the IRS. Consider office expenses as regular bills, such as utilities, and major equipment purchases with a long useful life. Office supplies, by comparison, are routinely used and purchased.

Office Supplies
Office Supplies

Office expenses and office supplies are different tax deductions when filing a business tax return with the IRS. Consider office expenses as regular bills, such as utilities, and major equipment purchases with a long useful life. Office supplies, by comparison, are routinely used and purchased.

Office Supplies
Office Supplies

Office expenses and office supplies are different tax deductions when filing a business tax return with the IRS. Consider office expenses as regular bills, such as utilities, and major equipment purchases with a long useful life. Office supplies, by comparison, are routinely used and purchased.

Other Insurance
Other Insurance

What is insurance expense? Under the accrual basis of accounting, insurance expense is the cost of insurance that has been incurred, has expired, or has been used up during the current accounting period for the nonmanufacturing functions of a business.(The insurance costs incurred for manufacturing operations are allocated to the goods produced.) To illustrate insurance expense, let's assume ...

Property Taxes
Property Taxes

However, a tax expense is only recognized when a company has taxable income. In the event that a loss is recognized, the business can carry its losses forward to future years to offset or reduce future tax expenses. Tax Expense Vs. Tax Payable. The tax expense is what an entity has determined is owed in taxes based on standard business accounting rules.

Property Taxes
Property Taxes

Tax expenses are calculated by multiplying the appropriate tax rate of an individual or business by the income received or generated before taxes, after factoring in such variables as non-deductible items, tax assets, and tax liabilities.

image: tellusre.com
Property Taxes (if Paying Monthly)
Property Taxes (if Paying Monthly)

Local property taxes fund schools, fire departments and libraries, and they can be a major source of funding for your city or county. Some property tax bills show details on how much of your money goes to certain government and public expenses.

image: vlashed.com
Rent
Rent

What is 'Rent Expense' Rent expense it the cost incurred by a business to utilize property as office, factory or storage space. Rent expense is a type of fixed operating cost for a business, as opposed to a variable expense, that is subject to a one- or two-year contract between the lessor and lessee, with options to renew.

Rent Costs for non-Production Facilities
Rent Costs for non-Production Facilities

Rent is automatically included in the On-Campus Facilities and Administration Costs and will be paid out of the Facilities and Administration Costs recovered. Please Note: Facilities and Administration Costs cannot be charged on equipment, alterations and renovations, patient care costs, subaward amounts over $25,000, tuition remission, scholarships, fellowships, or rental costs of off-site facilities.

source: dartmouth.edu
Rent Costs for non-Production Facilities
Rent Costs for non-Production Facilities

If you rent your facilities, you list the actual amounts you pay on your income statement. This includes the rent for the land, office buildings, warehouses, storage facilities and factories. If you rent office furniture, fixtures or equipment, you list those expenses on the income statement.

Rent, Utilities, and Phones
Rent, Utilities, and Phones

Under the accrual basis of accounting, this account reports the cost of the electricity, heat, sewer, and water used during the period indicated in the heading of the income statement.

Repair Costs for non-Production Facilities
Repair Costs for non-Production Facilities

Rent costs for non-production facilities; Repair costs for non-production facilities; ... If so, the following costs are also examples of operating expenses:

Strata fee / Condo fee
Strata fee / Condo fee

Budgeting and Strata Fees Strata lot owners approve the annual budget, and their strata fees, by majority vote at the Annual General Meeting. Owners must pay for shared common expenses through their strata fees, the Contingency Reserve Fund (CRF), and sometimes by special levies.

image: rew.ca
Tuition
Tuition

Qualified expenses are amounts paid for tuition, fees and other related expense for an eligible student that are required for enrollment or attendance at an eligible educational institution. You must pay the expenses for an academic period* that starts during the tax year or the first three months of the next tax year.

source: irs.gov
Utilities
Utilities

utilities expense. Under the accrual basis of accounting, this account reports the cost of the electricity, heat, sewer, and water used during the period indicated in the heading of the income statement.

Utility Bills (Cable, Cell, Electricity, Water, etc)
Utility Bills (Cable, Cell, Electricity, Water, etc)

In Accounting, the Utility Expenses are generally Electricity, Water/Sewer, Natural Gas, Garbage, and Oil if used for Heating. Telephone Services are not usually considered a Utility Expense and are posted to a separate GL Account. Internet Services are generally considered the same as the Telephone.

source: quora.com
Vehicle Insurance (if Paying Monthly)
Vehicle Insurance (if Paying Monthly)

If you set up a monthly schedule, you will be able to estimate your average monthly price of car insurance. Installment fees are usually nominal and do not add much to the monthly payment. Depending on your insurance policy premium, your average monthly car insurance payment can range from $100 to $200 a month.