What expense category does RingCentral fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
RingCentral falls under the 'Software' expense category, specifically in the 'Communication and Collaboration Software' subcategory.
Role of the Expense in Business
RingCentral provides cloud-based communication and collaboration solutions, including voice, video, team messaging, and contact center services, essential for businesses in streamlining communication.
Practical Example
A company using RingCentral for its unified communications, including team messaging and video conferencing, would categorize these expenses under 'Communication and Collaboration Software'.
Specialized Expense
For smaller businesses or individual users using RingCentral primarily for voice services, it might be categorized under 'General Communication Tools'.
Conclusion
RingCentral's comprehensive communication solutions place it within the 'Software' expense category, particularly for communication and collaboration.
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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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