Expense Category
Software

What expense category does New Relic fall under?

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.

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.
New Relic
“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
Ramp logo and SandBoxx logo
Sandboxx Logo

“As we scale we need tools that are built to scale with us - we need to see expenses real time, we need to see duplicate spend. These types of insights are important to the health of our business.”

Steve Padis
SVP Finance & Strategy, Barry's

Tired of manually categorizing expenses? See how Ramp can automate this for you in the demo below

Get started for free

Cards, expenses, bills, and accounting – beautifully reimagined by experts to save you time and money.
Error Message
No personal credit checks or founder guarantee.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
1,850+ reviews

Experience the
Ramp advantage

Ramp is focused on maximizing your businesses most precious resources: every minute and dollar.
1,850+ reviews