Tracking - Total Expenses
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Revision as of 15:26, 18 January 2019 by Tim Peeler (talk | contribs) (Created page with "Total Expenses is the total of all ordinary expenses incurred during the day to day operation of your business. This includes things like healthcare, insurance, fleet leases,...")
Total Expenses is the total of all ordinary expenses incurred during the day to day operation of your business. This includes things like healthcare, insurance, fleet leases, fuel or server and computer leases. This also includes professional services like tax preparation and accounting. The general rule is, that if you have to pay these whether you sold something or not then that is an ordinary expense and should be included in Total Expenses but if you incur the expense as a direct result of a Sale, then you should include that in Cost of Goods. If you are unsure, ask your financial advisor.
