What expense category does New Relic fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
New Relic is categorized under the 'Software' expense category, specifically in the 'Application Performance Monitoring and Management Software' subcategory.
Role of the Expense in Business
New Relic offers application performance monitoring solutions, widely used by businesses and IT teams for real-time monitoring and optimization of software applications.
Practical Example
A tech company using New Relic for monitoring and optimizing the performance of its web applications would categorize these expenses under 'Application Performance Monitoring and Management Software'.
Specialized Expense
For smaller projects or businesses using New Relic for basic performance monitoring, it might be categorized under 'General IT Management Tools'.
Conclusion
New Relic's specialization in application performance monitoring and management places it within the 'Software' expense category, particularly for monitoring and optimizing software applications.
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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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