What expense category does Airtable fall under?

Understanding where Airtable fits in your expense categories can streamline your accounting and make tax time easier. Let's explore how to classify Airtable expenses and why getting it right matters for your business.

Classifying Airtable expenses

Getting the expense category right for Airtable helps keep your financial records accurate. Here are some ways you can classify Airtable expenses:

• Software and subscriptions: Airtable is a cloud-based software subscription, so placing it under software and subscriptions makes sense.
• Software/SaaS expenses: As a Software as a Service (SaaS), Airtable can be categorized under software/SaaS expenses.
• Technology expenses: If you prefer a broader category, you might classify Airtable under technology expenses.
• Business tools: For some businesses, especially smaller ones, Airtable might be grouped under business tools.

Examples of Airtable expenses

Here are some examples of how businesses might use Airtable:

• A marketing team subscribes to Airtable to manage their content calendar and track campaign performance.
• A product development team uses Airtable to organize feature roadmaps and collaborate on updates.
• An HR department uses Airtable to manage recruiting pipelines and onboarding processes.

If your team subscribes to Airtable's Pro plan at $20 per user per month, you would categorize that monthly expense under software subscriptions.

Tax implications of Airtable expenses

When it comes to taxes, here's what you need to know about Airtable expenses:

• Tax-deductible expense: Airtable subscriptions are generally considered operational expenses and can be deducted from your taxes.
• Capital expenditures: If you hire a developer to create a custom Airtable base or integrate Airtable with other business systems, these costs may be considered capital expenditures and need to be depreciated over time.

Keep records of your Airtable expenses, including invoices and receipts, to support your deductions. Consistently classifying Airtable under the correct expense category helps during tax preparation and ensures compliance. By understanding the tax implications, you can make the most of your Airtable expenses.

Let Ramp automate your expense process

Managing software subscriptions like Airtable doesn't have to be a hassle. With Ramp, you can automate expense tracking and categorization, saving time and reducing errors. Ramp helps you keep an eye on your software spend, making it easier to manage and optimize your expenses.