What expense category are pencils in?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
This is a difficult question to answer definitively because it depends on the business and how the expenses are categorized. For some businesses, pencils may be considered a office supplies expense, while for others they may be considered a marketing expense if they are used for promotional purposes. The best way to determine which expense category is correct for your business is to speak with your accountant or financial advisor.
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.
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.
Learn more about our Expense Management software.