Expense Category
Software

What expense category does Ingram Micro fall under?

Answer

Ingram Micro is categorized under the 'Software' expense category, specifically in the 'IT Products and Services Distribution Software' subcategory.

Role of the Expense in Business

Ingram Micro provides a range of IT products and services, including cloud solutions and technology distribution, widely used by businesses for sourcing IT equipment and services.

Practical Example

A technology retailer using Ingram Micro for sourcing and distributing IT products would categorize these expenses under 'IT Products and Services Distribution Software'.

Specialized Expense

For businesses using Ingram Micro occasionally for specific IT purchases, it might be categorized under 'General IT Procurement Tools'.

Conclusion

Ingram Micro's role in IT product and service distribution categorizes it within the 'Software' expense category, particularly for IT procurement and distribution.

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.
Ingram Micro
“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects. Having a single source to turn to for accounting classification suggestions, such as the Ramp Expense Classifier tool, is immensely helpful as it provides consistency, reduces ambiguity, and streamlines the expense classification process.”
Audrey Carroll
Senior Manager, Accounting, Ramp
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