What expense category is business coaching?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
There is no definitive answer to this question as the expense category for business coaching will depend on the specific business and what the coaching is used for. However, some possible expense categories for business coaching could include:
Training and Development
If the business coaching is used to train and develop employees, then it would likely fall under the training and development expense category. This would be the case if the coaching is used to improve employees' skills or knowledge in specific areas.
Consulting
If the business coaching is used as a form of consulting, then it would likely fall under the consulting expense category. This would be the case if the coaching is used to provide advice or recommendations on specific issues.
Professional Services
If the business coaching is provided by a professional service provider, then it would likely fall under the professional services expense category. This would be the case if the coaching is used to help the business achieve specific goals.
Other
There are many other possible expense categories for business coaching, depending on the specific business and what the coaching is used for. Some other possible expense categories could include marketing, advertising, or general business expenses.
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SVP Finance & Strategy, Barry's
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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