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What expense category does GoDaddy fall under?
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Answer
GoDaddy falls under the 'Software' expense category, specifically in the 'Web Hosting and Domain Services Software' subcategory.
Role of the Expense in Business
GoDaddy provides web hosting, domain registration, and related online services, widely used by businesses for establishing and maintaining their online presence.
Practical Example
A business using GoDaddy for domain registration and website hosting would categorize these expenses under 'Web Hosting and Domain Services Software'.
Specialized Expense
For individual users or small businesses using GoDaddy for basic website needs, it might be categorized under 'General Web Services'.
Conclusion
GoDaddy's role in web hosting and domain services categorizes it within the 'Software' expense category, specifically for online presence management.
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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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Learn more about our Expense Management software.
