Related Words

Accrued Expenses: Expenses that the business has incurred for which it has not received, or will not receive, an invoice, and that have not yet been paid.

Other Expenses: Expenses due to activities outside the normal operations of the business, for example, loss from foreign exchange and loss from investments.

Other Revenues And Expenses: Items incurred or earned from activities that are outside, or peripheral to, the normal operations of a firm.

Operating Expenses: Those recurring expenses that are essential to the continuous operation and maintenance of a property. Operating expenses are generally divided into the following categories: fixed expenses . . . View Full Definition

Miscellaneous Expenses: An account for operating expenses that do not fall into any of the predefined categories such as salaries, utilities, advertising, and depreciation.

Inflexible Expenses: Securities such as bonds or notes that guarantee a return higher than the rate of inflation if the security is held to maturity.

Period Expenses: A term for expenses recorded in the period in which they occur regardless of whether or not they pertain to a prior or later period. R&D and advertising expenditures are examples of costs th . . . View Full Definition

Prepaid Expenses: Services, goods, and intangibles paid for prior to the period in which they provide benefit. Prepaid expenses are accounted for as assets until their benefit is realized.

Unrecorded Expenses: Expenses incurred during a period that have not been recorded by the end of that period.

Selling, General, And Administrative (SG and A) Expenses: Expenses such as salespersons' salaries and commissions, advertising and promotion, travel and entertainment, office payroll and expenses, and executives' salaries.