What expense category does monday.com fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
monday.com is categorized under the 'Software' expense category, specifically in the 'Project Management and Team Collaboration Software' sub-category.
Role of the Expense in Business
monday.com offers a flexible work operating system for task management, project tracking, and team collaboration, widely used by businesses for organizing workflows and enhancing team productivity.
Practical Example
A marketing agency using monday.com for project planning, team collaboration, and workflow automation would categorize these expenses under 'Project Management and Team Collaboration Software'.
Specialized Expense
For small businesses or individual users using monday.com for basic task management, it might be categorized under 'General Productivity Tools'.
Conclusion
monday.com's versatility in project management and team collaboration places it within the 'Software' expense category, particularly for managing and streamlining team projects.
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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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