This includes online ads, flyers, and other promotional materials. These services help keep your business compliant and running smoothly. This includes liability insurance, property insurance, and health insurance for employees. Over time, equipment and furniture lose value. Utilities include services like electricity, water, and internet.
{Further, you will also learn how this category of expenses is presented on the face of the income statement. Others argue that since most of these costs are fixed, they’re really difficult to cut. Some say that because these costs do not directly contribute to revenue generation, they’re normally the first ones to be budgeted out.}