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What expense category does Figma fall under?
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Answer
Figma falls under the 'Software' expense category, specifically in the 'Design and Prototyping Software' subcategory.
Role of the Expense in Business
Figma is a web-based design tool used for UI/UX design, graphic design, and prototyping, essential for designers and teams in creating and collaborating on design projects.
Practical Example
A design agency using Figma for UI/UX design projects and collaborative prototyping would categorize these expenses under 'Design and Prototyping Software'.
Specialized Expense
In scenarios where Figma is used for occasional design tasks or small projects, it might be categorized under 'General Design Tools'.
Conclusion
Figma's role in the design and prototyping process categorizes it within the 'Software' expense category, specifically for design and prototyping.
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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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