Answer
Checkr is categorized under the 'Software' expense category, specifically in the 'Background Check and Screening Software' subcategory.
Role of the Expense in Business
Checkr provides background check services and screening solutions, essential for businesses in conducting employee and tenant screenings.
Practical Example
A property management company using Checkr for tenant background checks would categorize these expenses under 'Background Check and Screening Software'.
Specialized Expense
For businesses using Checkr occasionally for specific screening purposes, it might be categorized under 'General HR Tools'.
Conclusion
Checkr's specialization in background checks and screening places it within the 'Software' expense category, particularly for screening purposes.
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.
Let Ramp automate your expense categorizations
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects. Having a single source to turn to for accounting classification suggestions, such as the Ramp Expense Classifier tool, is immensely helpful as it provides consistency, reduces ambiguity, and streamlines the expense classification process.”
Audrey Carroll
Senior Manager, Accounting, Ramp
“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