![]() ![]() ![]() You can further subdivide your small business expenses, which can make them easier to monitor and adjust. ![]() General operating expenses: All other essential, day-to-day costs incurred just by running your business, including things like rent, taxes, staff salaries, and permits.Cost of goods sold: Business expenses that relate to the production of your products.What Are Business Expenses?īusiness expenses are split into 2 different categories: If you need income tax advice, please contact an accountant in your area. NOTE: FreshBooks Support team members are not certified income tax or accounting professionals and cannot provide advice in these areas, outside of supporting questions about FreshBooks. Save Time and Money With Better Expense Tracking.How Do I Keep the Books for My Small Business?. ![]()
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