Expense Category
Equipment

What expense category are checks?

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There is no definitive answer to this question, as the correct expense category for checks will depend on the business and the purpose of the check. However, some common expense categories for checks include:

Payroll

If the check is being used to pay an employee's salary or wages, then it would typically fall under the payroll expense category. This would also include any related taxes or deductions that are taken out of the employee's paycheck.

Accounts Payable

If the check is being used to pay a supplier or vendor for goods or services received, then it would typically fall under the accounts payable expense category. This would also include any other expenses that the business owes to others, such as rent, utilities, or loan payments.

Operating Expenses

If the check is being used to pay for general operating expenses, such as office supplies or marketing costs, then it would typically fall under the operating expenses category. This would also include any other expenses that are necessary for the business to function, but are not related to payroll or accounts payable.

Other

There are many other potential expense categories for checks, depending on the business and the purpose of the check. Some other examples could include travel expenses, charitable donations, or equipment purchases.

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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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