What expense category does Ingram Micro fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
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.
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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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