An expenditure category that covers such items as contractual services, commodities, and supplies of a consumable nature, current obligations, and fixed charges. Payments to other funds or local, state, or federal agencies are included in this budget classification of expenditures.
is XE "expense" the decrease in net value owned, when activities necessary to the conduct of business result in present or future disbursements of money (or other value.) Note that QuickBooks charts of accounts can have both Expense and Other Expense accounts.
In accounting, an expense is a general term for an outgoing payment made by a business or individual. One specific use of the term in accounting is whether a particular expenditure is classified as an expense, which is reported immediately to the investing public in the business's income statement; or whether it is classified as a capital expenditure or an expenditure subject to depreciation, which are not. These latter types of expenditures are reported eventually, but not immediately, by business that use accrual-basis accounting, meaning all large businesses.
an expenditure which is chargeable against revenue during an accounting period. An expense results in the reduction of an asset. All expenditures are not expenses. For example, a company buys a truck. It trades one asset - cash - to acquire another asset. An expenditure has occurred but no expense is recorded. Only as the truck is depreciated will an expense be recorded. The concept of expense as different from an expenditure is one reason financial reports do not show numbers that represent spendable cash. The distinction between an expenditure and an expense is important in understanding how accounting works and what financial reports mean. (To expense is a verb. It means to charge an expenditure against income when the expenditure occurs. The opposite is to capitalize.)
A policy's share of the company's operating costs, fees for medical examinations and inspection reports, underwriting, printing costs, commissions, advertising, agency expenses, premium taxes, salaries, rent, etc. Such costs are important in determining dividends and premium rates.
The outflow of assets or incurrence of liabilities (or both) during a period as a result of rendering services, delivering or producing goods, or carrying out other normal operating activities. (GAO) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97
something spent (such as money, time or effort) to secure a benefit or bring about a result factors of production - the resource inputs involved in the production of goods and services: for example, labor, land and capital
Any expense incurred in whole or in part for goods or services for a candidate's campaign is a campaign expense. It includes the market value of any goods held in opening inventory (such as signs and brochures) and any contributions of goods or services to a candidate during the campaign period.