What expense category does DigitalOcean fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
DigitalOcean is categorized under the 'Software' expense category, specifically in the 'Cloud Computing and Hosting Services Software' subcategory.
Role of the Expense in Business
DigitalOcean provides cloud computing services and scalable infrastructure solutions, widely used by businesses for web hosting, application deployment, and database management.
Practical Example
A startup using DigitalOcean for hosting its web applications and managing databases would categorize these expenses under 'Cloud Computing and Hosting Services Software'.
Specialized Expense
For individual developers or small projects using DigitalOcean for basic hosting needs, it might be categorized under 'General Cloud Services'.
Conclusion
DigitalOcean's role in providing cloud computing and hosting services places it within the 'Software' expense category, particularly for cloud infrastructure 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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