What expense category is web design?
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There is no definitive answer to this question, as it depends on how your business classifies and tracks expenses. However, we can provide some guidance on which expense category is most likely to be appropriate for web design costs.
Marketing Expense
One common way to classify web design expenses is as a marketing expense. This is because your website is effectively a marketing tool - it helps you promote your brand, products, and services to potential customers.
General and Administrative Expense
Another way to classify web design expenses is as a general and administrative (G&A) expense. This is because your website is likely to be used for a variety of purposes, including communication with customers, suppliers, and employees; and for conducting business transactions.
Information Technology Expense
Another common way to classify web design expenses is as an information technology (IT) expense. This is because your website likely uses a variety of technologies, including web hosting, domain names, and email accounts.
There is no right or wrong answer when it comes to classifying web design expenses. The most important thing is to choose a method that makes sense for your business and that will help you track and manage your costs effectively.
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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