What expense category do shop supplies come under?
There is no definitive answer to this question, as the correct expense category for shop supplies will depend on the specific business and the way it is run. However, some possible expense categories for shop supplies could include:
- Office Supplies: This is a common expense category for shop supplies, as many items such as stationery and paper are used in both office and retail environments.
- Retail Supplies: This is another possible expense category for shop supplies, as many items such as packaging and display materials are specific to the retail industry.
- General Expenses: This is a catch-all category that can be used for any shop supplies that do not fit into a more specific category.
The best way to determine which expense category is most appropriate for shop supplies is to track all expenses carefully and review them on a regular basis. This will help to identify any patterns or trends in spending, and will allow the business to make more informed decisions about where to allocate its resources.
