Expense Category
Equipment

What expense category do chairs come under?

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This is a difficult question to answer definitively as it depends on the business and the type of chair. In general, however, chairs come under the category of office furniture and equipment. This is because chairs are generally used in an office setting and are considered part of the necessary furniture and equipment for that setting. Other possible expense categories for chairs include office supplies, office expenses, and general expenses.

Which Expense Category is Most Appropriate for Chairs?

In general, chairs come under the category of office furniture and equipment. This is because chairs are generally used in an office setting and are considered part of the necessary furniture and equipment for that setting. Other possible expense categories for chairs include office supplies, office expenses, and general expenses.

What are the Implications of Categorizing Chairs as Office Furniture and Equipment?

Categorizing chairs as office furniture and equipment has a few implications. First, it means that the chairs are considered a long-term asset of the business. This means that the chairs will be depreciated over time rather than being expensed in the year they are purchased. Second, it may have tax implications as office furniture and equipment can often be deducted as a business expense. Consult with a tax advisor to determine if this is the case for your business.

Are There Any Other Considerations When Categorizing Chairs?

Yes, there are a few other considerations to keep in mind when categorizing chairs. First, consider the type of chair. If the chair is a specialty chair, such as a ergonomic chair, it may be classified under a different category, such as office supplies. Second, consider how the chair will be used. If the chair is only for occasional use, such as for guests, it may be classified under a different category, such as general expenses. Finally, consider the price of the chair. If the chair is a high-end chair, it may be classified under a different category, such as office furniture.

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As we scale we need tools that are built to scale with us - we need to see expenses real time, we need to see duplicate spend. These types of insights are important to the health of our business.
Steve Padis, 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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