Expense Category
Travel
What expense category is parking?
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There is no definitive answer to this question, as the correct expense category for parking will vary depending on the business and the specific circumstances. However, some common expense categories for parking are 'travel', 'transportation', or 'operating expenses'.

Travel Expenses

If parking is incurred while traveling for business purposes, then it would generally be classified as a 'travel expense'. This would typically include expenses such as parking fees at airports or hotels.

Transportation Expenses

If parking is incurred as part of the business's regular transportation expenses, then it would generally be classified as a 'transportation expense'. This would typically include expenses such as parking fees at the business's office or warehouse.

Operating Expenses

If parking is incurred as part of the business's regular operating expenses, then it would generally be classified as an 'operating expense'. This would typically include expenses such as parking fees for company vehicles.

There is no single correct answer to this question, as the appropriate expense category for parking will vary depending on the business and the specific circumstances. However, some common expense categories for parking are 'travel', 'transportation', or 'operating expenses'.

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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
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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