Expense Category
Equipment
What expense category does storage come under?
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There is no definitive answer to this question, as it will depend on the specific business and how they operate. However, some possible expense categories for storage costs could include:

Inventory

If the business stores inventory on-site, then the storage costs could be included as part of the inventory expenses. This would include the cost of renting or leasing storage space, as well as any costs associated with maintaining and stocking the inventory.

Operating Expenses

Another possible category for storage costs is operating expenses. This could include the cost of renting or leasing storage space, as well as any costs associated with maintaining and stocking the inventory. If the inventory is considered a necessary part of the business operation, then the storage costs could be included under operating expenses.

Other

There are many other possible expense categories for storage costs, depending on the specific business and how they operate. Some other possible categories could include:

  • Asset purchase
  • Capital expenditure
  • Property taxes
  • Insurance
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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.
Steve Padis, 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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