What expense category is administration?
There is no definitive answer to this question, as the correct expense category for administration costs will vary depending on the business and the type of costs involved. However, some common expense categories for administration costs include:
- General and administrative expenses: This category includes the costs of running the day-to-day operations of the business, such as rent, utilities, office supplies, and payroll. It also includes any expenses related to the management and administration of the business, such as accounting and legal fees.
- Marketing and advertising expenses: This category includes the costs of promoting and marketing the business, such as advertising, public relations, and market research.
- Research and development expenses: This category includes the costs of researching and developing new products or services, as well as any costs associated with improving existing products or services.
The correct expense category for administration costs will depend on the specific costs involved and the accounting methods used by the business. For example, some businesses may choose to classify all administration costs as general and administrative expenses, while others may choose to break out marketing and advertising expenses as a separate category. The best way to determine which expense category is correct for your business is to speak with an accountant or financial advisor.