What expense category does Loom fall under?

Loom usually claims its place in the 'Software' expense category, under the 'Video Communication and Collaboration Software' subcategory.

Role of the Expense in Business

Loom is a leader in video messaging, offering an innovative platform for asynchronous communication, essential for businesses and teams seeking efficient and engaging ways to communicate.

Practical Example

A team using Loom for creating and sharing video messages for internal communication would categorize these expenses under 'Video Communication and Collaboration Software'.

Specialized Expense

For individual professionals using Loom for personal video messaging, it might be categorized under 'General Communication Tools'.

Conclusion

Loom's robust approach to video communication and collaboration firmly places it within the 'Software' expense category, particularly for its unique asynchronous communication capabilities.