What expense category are fees?
This is a difficult question to answer, as fees can be associated with multiple different expense categories. However, the most common expense category for fees is 'administrative and general'. This category includes expenses such as office rent, salaries, and professional fees.
Other Potential Expense Categories for Fees
Fees can also be associated with the 'sales and marketing' category, as they are often used to pay for advertising and promotion. Fees can also be classified as 'operating expenses', as they are often necessary to keep the business running smoothly. Ultimately, it is up to the business owner or finance team to decide which expense category is the most appropriate for fees.
