What expense category does Zoho Corporation fall under?
Audrey Carroll, Senior Manager, Accounting, RampSee how Ramp automates accounting for 25k+ businesses
Answer
Zoho Corporation is categorized under the 'Software' expense category, specifically in the 'Business Management and Productivity Software' subcategory.
Role of the Expense in Business
Zoho offers a suite of software products for business management, including CRM, email, accounting, and collaboration tools, widely used by businesses for various operational needs.
Practical Example
A business using Zoho CRM for customer relationship management and Zoho Books for accounting would categorize these expenses under 'Business Management and Productivity Software'.
Specialized Expense
For smaller businesses using specific Zoho tools for individual tasks, these might be categorized under 'General Business Tools'.
Conclusion
Zoho Corporation's range of business management and productivity tools places it within the 'Software' expense category, particularly for comprehensive business operations.
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.
Learn more about our Expense Management software.