(1) For accounting purposes, the recording of an outlay against revenue in the period incurred (vs. Capitalize). (2) An item which reduces income.
Cost of operation and maintenance of activities on the accrual basis for a fiscal period as distinguished from cost of acquisition of property. [D02755] PMDT
An expired cost, that is a cost consumed in the process of operating.
An expenditure category that covers such items as contractual services, commodities, and supplies of a consumable nature, current obligations, and fixed charges. Payments to other funds or local, state, or federal agencies are included in this budget classification of expenditures.
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
The overhead cost involved in running the business, aside from losses of claims. To an insurer, the cost of putting business on the books. (See also: expense loading.)
The cost of goods and services required to produce income.
The cost of a product or service. A business subtracts its expenses from the money it takes in from sales to figure its profit.
a broad measure which is normally representative of the total activity of a business unit during a cost accounting period
An expense is anything that costs a person or company money.
is XE "expense" the decrease in net value owned, when activities necessary to the conduct of business result in present or future disbursements of money (or other value.) Note that QuickBooks charts of accounts can have both Expense and Other Expense accounts.
Record the cost of doing business. Generally divided into groups representing the costs of producing products or service, administrative or overhead costs, and other items, such as depreciation.
In accounting, an expense is a general term for an outgoing payment made by a business or individual. One specific use of the term in accounting is whether a particular expenditure is classified as an expense, which is reported immediately to the investing public in the business's income statement; or whether it is classified as a capital expenditure or an expenditure subject to depreciation, which are not. These latter types of expenditures are reported eventually, but not immediately, by business that use accrual-basis accounting, meaning all large businesses.
An item on which you spend money.
A fund's cost of doing business. All of a fund's expenses are disclosed in the prospectus as a percentage of assets.
Charges incurred, whether cash or non cash, which benefit operations of the current fiscal period.
an expenditure which is chargeable against revenue during an accounting period. An expense results in the reduction of an asset. All expenditures are not expenses. For example, a company buys a truck. It trades one asset - cash - to acquire another asset. An expenditure has occurred but no expense is recorded. Only as the truck is depreciated will an expense be recorded. The concept of expense as different from an expenditure is one reason financial reports do not show numbers that represent spendable cash. The distinction between an expenditure and an expense is important in understanding how accounting works and what financial reports mean. (To expense is a verb. It means to charge an expenditure against income when the expenditure occurs. The opposite is to capitalize.)
The cost of a good or service.
In accounting, a disbursement against revenue in the period incurred. The expenditure reduces income. See: Disbursement
Overhead costs that include salaries, supplies, advertising, depreciation, and maintenance.
cost esp. of money but also time or effort £¨Ê±1/4䣬3/4«Á¦£¬1/2
An amount of assets a company either (1) spends to obtain a benefit or service or (2) allocates to provide for required reserves. Also known as cost. See also operating expenses.
(1) For accounting purpose to record an outlay against revenue in the period incurred (vs. Capitalize). (2) An item which reduces income.
money you pay; also costs
Charges incurred, whether paid or accrued, for operation, maintenance, interest, and other charges that are presumed to benefit the current fiscal period.
An individual's cost or obligation to meet a need or pay a debt.
A business's cost for such things as rent, electricity, and worker's pay. Your cost for such things as movies, snacks, clothes, and music.
Money paid out. Financial cost or charge. Costs incurred in the process of running a business.
Expenditures of short-term value, including depreciation, as opposed to land and other fixed capital. See: overhead.
In business accounting and business taxation, any current cost of operation, such as rent, utilities and payroll, as distinguished from capital expenditure for long-term property and equipment.
A policy's share of the company's operating costs, fees for medical examinations and inspection reports, underwriting, printing costs, commissions, advertising, agency expenses, premium taxes, salaries, rent, etc. Such costs are important in determining dividends and premium rates.
In accounting, an expense represents an event in which an asset is used up or a liability is incurred. In terms of the accounting equation, expenses reduce owners' equity.