Advertising | Bad Debt Expense |
Bank Charges | Cost of Goods Sold† |
Depreciation | Employee Benefits |
Equipment Rental | Executive Compensation |
General & Administrative Expense | Insurance |
Interest | Legal Fees |
Licensing Fees | Management Fees |
Management Salaries | Meals & Entertainment |
Office Expenses | Office Supplies |
Professional Fees | Promotion |
Rent | Repairs & Maintenance |
Salaries & Wages | Sales Commissions |
Selling Expenses | Software Licenses |
Taxes | Tools & Equipment†† |
Travel | Utilities |
Vehicle Expenses |
Notes
† Cost of goods sold is conceptually an operating cost but may be separated out for the purposes of analysis and reporting.†† Minor purchases of tools, equipment and computing devices that are below your capitalization limit.Operating costs are reported as operating expenses on an income statement.Costs of goods sold includes anything that can be directly attributed to the cost of each unit of a product or service that was actually sold. For example, some wages will be includes in costs of goods sold while others may be included in general and administrative expenses. Care must be taken to avoid counting any cost twice.Operating costs are interpreted according to the nature of your business and will differ from one industry to the next.| Overview: Operating Cost | ||
Type | ||
Definition | The core expenses of an organization that are often ongoing or repeated. | |
Similar Terms | ||
Related Concepts | ||
