Expenses

Introduction to explicit cost Explicit cost or explicit expense refers to a tangible and quantifiable expenditure resulting in a cash outflow from a company's financial records. It helps...

Introduction A prime cost is directly incurred when an enterprise produces a good or service. Organizations can use these expenses to calculate the contribution margin. It helps determine...

Introduction  Are you tired of dealing with billing issues? You're not alone! Did you know that 60% of small businesses struggle with invoicing and payment collection? But don't...

Introduction Capital expenditure refers to the costs incurred in acquiring or improving long-term assets, while revenue expenditure refers to the costs associated with running the business. Both are...

What is capital investment? Capital investment refers to the process of investing money in a business with the goal of generating future profits. It is a long-term investment...

What is capital budgeting? Who doesn’t want to be a smart spender? Capital budgeting is the art of deciding how to spend your company's money wisely. Basically, it...

What are CapEx and Opex?  Capital expenditure (CapEx or capital expenses) refers to the spending of money on assets that have a long-term benefit to the company, like...

Business expense categories Running a company can feel like a constant juggling act. You have customers to satisfy, meet deadlines, and manage finances. And when it comes to...

Introduction Coupa vs. Concur, which one do you think is better for your organization? This is not a question that can be answered in a single word or...

Expense tracker It’s hard to keep track of expenses in a fast-paced small business environment.  Over time, however, with advancements in expense management automation and related technology, it...