What expense category does Deel fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
Deel is categorized under the 'Software' expense category, specifically in the 'Global Payroll and Compliance Software' subcategory.
Role of the Expense in Business
Deel offers solutions for global payroll, compliance, and HR services, essential for businesses managing international workforces and remote teams.
Practical Example
A multinational company using Deel for handling international payroll and compliance would categorize these expenses under 'Global Payroll and Compliance Software'.
Specialized Expense
For smaller businesses using Deel for occasional international contractor payments, it might be categorized under 'General Payroll Tools'.
Conclusion
Deel's specialization in global payroll and compliance places it within the 'Software' expense category, particularly for international workforce management.
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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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