What expense category does BambooHR fall under?

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.