What expense category does Deel fall under?

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.