What expense category do telephone expenses come under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 40,000+ businesses
There is no definitive answer to this question as it will depend on the specific business and how they categorize their expenses. However, some possible expense categories for telephone expenses could include:
- Communications: This is a broad category that could encompass all expenses related to communication, including telephone, internet, and postage.
- Telephone: This category could specifically cover all expenses related to telephone service, including landlines, mobile phones, and long distance.
- Utilities: This category could cover all expenses related to the operation of the business, including electricity, water, gas, and telephone.
The best way to determine which expense category is appropriate for telephone expenses is to speak with a business owner or finance team. They will be able to provide guidance on how the business categorizes its expenses.
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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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