What expense category does printer ink come under?
Printer ink can come under a few different expense categories, depending on how your business operates. The most common categories are office supplies, inventory, and marketing.
If your business considers printer ink to be an office supply, it would generally fall under the category of "operating expenses". This is because office supplies are generally used on a regular basis and are necessary for the day-to-day operations of the business. Printer ink would be considered a direct cost of doing business and would be included in the operating expenses on your income statement.
If your business manufactures products that require printed labels or packaging, then the printer ink would be considered part of your inventory. This is because the ink is used to create a product that is then sold to customers. The cost of the ink would be included in the cost of goods sold (COGS) on your income statement.
If your business uses printed materials for marketing purposes, then the printer ink would fall under the category of "marketing expenses". This would include things like flyers, brochures, and business cards. The cost of the ink would be included in the marketing expenses on your income statement.
Ultimately, it is up to your business to decide which category printer ink falls under. You should consult with your accountant or financial advisor to determine which category is best for your business.