What expense category is social media management?
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There is no definitive answer to this question, as the correct expense category for social media management will vary depending on the specific business and its accounting practices. However, some common expense categories for social media management include advertising, marketing, and public relations.
Advertising
Many businesses treat social media advertising as a separate expense category from other forms of advertising, such as print, television, or radio ads. This is because social media advertising often has a different purpose than other forms of advertising, and is often more targeted and interactive. As such, it can be argued that social media advertising should be its own expense category.
Marketing
Another common expense category for social media management is marketing. This is because social media can be used for a variety of marketing purposes, such as building brand awareness, generating leads, or creating loyalty among customers. Many businesses choose to lump all of their marketing expenses together, including social media, so that they can get a better sense of their overall marketing spend.
Public Relations
Another possible expense category for social media management is public relations. This is because social media can be used to manage and monitor the online reputation of a business, as well as to engage with customers and build relationships. Many businesses choose to treat social media as a part of their overall public relations strategy, and as such, it is often lumped into that expense category.
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.
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