The expense means the amount of money paid to purchase various goods, facilities, services, or other varieties of cost that are needed in the organization to generate revenue. The common expenses consist of wages or salaries, bonuses, rent, gifts, reimbursements for travel, purchase of equipment, stationery, meals, tea or coffee, etc. According to the department of accounts in a company, there are two types of expenses, i.e., accrual and cash.
Get 20% off on
HR & Payroll Software