Expense Category
Human Resources
What expense category is employee health insurance?
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There is no definitive answer to this question as the correct expense category for employee health insurance will depend on the specific business and their accounting practices. However, some common expense categories for employee health insurance include:

Benefits Expense

One common expense category for employee health insurance is 'benefits expense'. This is because employee health insurance is typically considered to be a benefit provided to employees, and so is recorded as a benefit expense on the business's financial statements.

Personnel Expense

Another common expense category for employee health insurance is 'personnel expense'. This is because employee health insurance is typically considered to be a cost associated with the business's employees, and so is recorded as a personnel expense on the business's financial statements.

Operating Expense

Another common expense category for employee health insurance is 'operating expense'. This is because employee health insurance is typically considered to be a cost associated with the business's operations, and so is recorded as an operating expense on the business's financial statements.

Health Insurance Expense

Finally, another common expense category for employee health insurance is simply 'health insurance expense'. This is because employee health insurance is typically considered to be a cost associated with the business's health insurance coverage, and so is recorded as a health insurance expense on the business's financial statements.

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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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