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April 17, 2024
Solved

Categorization of Expenses

  • April 17, 2024
  • 1 reply
  • 0 views

Hello,

I'm having trouble categorizing some transactions. Is there a document that explains these issues in detail?

 

- Apps

- Software

- Subscription

- Membership

 

Best answer by Service

An expense is an expense. You could easily put all four under professional, or subscription. The way I think about expenses, as long as you can defend the category you put it in, you will be fine. The categories are as much for your use as for anyone else. Does looking at that heading on your P&L give you the information you need? Or do you need to split it a little in order to give yourself more information?

 

Service

4/17/2024

1 reply

Service
ServiceAnswer
April 18, 2024

An expense is an expense. You could easily put all four under professional, or subscription. The way I think about expenses, as long as you can defend the category you put it in, you will be fine. The categories are as much for your use as for anyone else. Does looking at that heading on your P&L give you the information you need? Or do you need to split it a little in order to give yourself more information?

 

Service

4/17/2024

Ugur01Author
May 9, 2024

Thank you