Research & DevelopmentResearch related to future products.
ToolsSmall tools considered expenses such as a hammer.
AdvertisingAdvertising your brand.
PromotionPromotional activities such as a booth at an industry conference.
Travel ExpensesTravel expenses to visit a customer.
InsuranceInsurance for your office locations.
Interest & Bank ChargesBanking fees and interest on debt.
AdministrationAny costs including salaries related to general administrative functions such as executive management, human resources and internal IT systems.
Sales CostsSales costs such as salaries and commissions.
Consulting FeesConsulting fees related to selling, general and administrative functions.
Employee BenefitsBenefits programs such as health insurance.
RentThe cost of renting offices.
UtilitiesThe cost of electricity, water and other utilities.
Repairs & MaintenanceRepairs to machines, company vehicles and equipment.
DepreciationAccounting for the cost of tangible equipment such as machines over their useful life as defined by tax law.
TaxesTaxes such as property taxes on office locations.
Expenses that can not be tracked as part of cost of goods sold.
Selling, general and administrative expenses not directly related to the cost of goods sold.
Manufacturing overhead such as the cost of renting a factory are included in cost of goods sold.