What expense category does Pax8 fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
Pax8 falls under the 'Software' expense category, specifically in the 'Cloud Software and Services Distribution' subcategory.
Role of the Expense in Business
Pax8 is a cloud commerce marketplace that simplifies the buying, selling, and management of cloud solutions, used by IT service providers and MSPs for streamlined cloud service distribution.
Practical Example
An IT service provider using Pax8 for managing and distributing cloud services to its clients would categorize these expenses under 'Cloud Software and Services Distribution'.
Specialized Expense
For businesses using Pax8 on a smaller scale for specific cloud service purchases, it might be categorized under 'General Cloud Management Tools'.
Conclusion
Pax8's role in cloud service distribution and management places it within the 'Software' expense category, particularly for cloud software and services.
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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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