What expense category does BambooHR fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
BambooHR is categorized under the 'Software' expense category, specifically in the 'HR Management and Employee Engagement Software' subcategory.
Role of the Expense in Business
BambooHR provides human resources management software, including tools for hiring, onboarding, and employee data management, essential for businesses in managing HR processes.
Practical Example
A company using BambooHR for employee onboarding, HR data management, and performance tracking would categorize these expenses under 'HR Management and Employee Engagement Software'.
Specialized Expense
For smaller businesses using BambooHR for basic HR tasks, it might be categorized under 'General HR Tools'.
Conclusion
BambooHR's role in HR management and employee engagement categorizes it within the 'Software' expense category, specifically for human resources management.
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The information provided in this article does not constitute legal or financial advice and is for general informational purposes only. Please check with an attorney or financial advisor to obtain advice with respect to the content of this article.
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