What expense category does Calendly fall under?

Wondering where to slot your Calendly subscription in your expense reports? You're not alone. Properly categorizing software like Calendly helps keep your financial records clear and your budgeting on track.

Classifying Calendly expenses

Calendly is a scheduling and meeting management tool, and when recording it in your expenses, you have a few options:

• Software subscriptions: If you track your software costs under a general category, Calendly fits here.
• Scheduling and appointment software: For more detailed accounting, you might list it under scheduling tools.
• Productivity tools: If Calendly boosts your team's productivity, record it as a productivity expense.
• Technology expenses: A broader category that includes various tech-related costs, including Calendly.

Examples of Calendly expenses

Here are some ways businesses use Calendly and how they might record the expense:

• Client appointments: A consulting firm uses Calendly to schedule client meetings, categorizing the cost under client services expenses.
• Sales outreach: A sales team leverages Calendly to set up calls with prospects, recording it under sales tools.
• Team coordination: An internal team uses Calendly to organize meetings, listing it under internal communication expenses.

For instance, if a small business pays $15 per month for Calendly's Premium plan, totaling $180 per year, these expenses might be recorded under software subscriptions.

Tax implications of Calendly expenses

When it comes to taxes, keep these points in mind:

• Deductible expenses: Since Calendly is used for business purposes, its costs are typically deductible. Save invoices or receipts of your subscriptions to support your deductions.
• Non-deductible expenses: If you upgrade to a premium Calendly plan for personal use, such as scheduling personal appointments, the costs are not tax-deductible.

Properly categorizing the expense ensures compliance and simplifies tax preparation. Tax regulations can vary, so you can also check with an accountant to make sure you're handling the expense correctly.

Let Ramp automate your expense process

Managing and categorizing expenses like Calendly doesn't have to be a hassle. Ramp can automate your expense tracking, making it easy to categorize software subscriptions and other costs with just a few clicks. Streamline your financial processes and save time with Ramp's smart automation tools.