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There is no definitive answer to this question, as the correct expense category for Zoom will depend on your business and how you use the service. However, we can provide some guidance on which expense category is most likely to be applicable for Zoom.
Possible Expense Categories for Zoom
Some possible expense categories for Zoom include:
- Telecommunications
- Software
- Training and Development
Which Expense Category Is Most Applicable for Zoom?
The most applicable expense category for Zoom will depend on your business and how you use the service. However, we would recommend considering the following factors when deciding which expense category is most applicable for Zoom:
- The purpose of using Zoom (e.g. for video conferencing, webinars, or training)
- The frequency of using Zoom
- The number of users on your Zoom account
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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“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects. Having a single source to turn to for accounting classification suggestions, such as the Ramp Expense Classifier tool, is immensely helpful as it provides consistency, reduces ambiguity, and streamlines the expense classification process.”
Audrey Carroll
Senior Manager, Accounting, Ramp
“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
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