What expense category does paper come under?
There is no definitive answer to this question, as it will depend on the specific business and their accounting system. However, there are a few general expense categories that paper could fall under.
One potential category is office supplies. This would include items like paper, pens, pencils, staplers, etc. that are used on a daily basis in the office. Office supplies are generally considered a necessary business expense.
Printing and Copying
Another category that paper could fall under is printing and copying. This would include any costs associated with printing or copying documents, whether it be for internal use or for customers. This is often a separate category from office supplies, as it can be a significant expense for some businesses.
Marketing and Advertising
Another possibility is marketing and advertising. This would include any costs associated with printing marketing materials, such as flyers, brochures, business cards, etc. This is often a separate category from office supplies and printing/copying, as it can be a significant expense for some businesses.
There are other potential categories that paper could fall under, depending on the specific business and their accounting system. For example, paper could be considered part of the cost of goods sold (COGS) if it is used in the production of products. It could also be considered part of the cost of shipping if it is used to pack and ship products. In some cases, it may even be considered part of the overhead costs of the business.
Ultimately, it is up to the business owner or finance team to determine which expense category is most appropriate for paper based on their specific circumstances.