expenses
/ɪkˈspɛnsɪz/Money spent or costs incurred, typically in a business or personal context.
The company's quarterly expenses included office supplies and travel costs.
The company's quarterly expenses included office supplies and travel costs.
She tracked her daily expenses using a budgeting app.
She tracked her daily expenses using a budgeting app.
In financial contexts, 'expenses' often refers to costs that reduce net income.
The act of spending money or incurring costs.
He tried to minimize his expenses by cooking at home.
He tried to minimize his expenses by cooking at home.
In everyday usage, 'expenses' can refer to any money spent, whether personal or professional.
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💡Pro Tip
Accounting for Expenses
In business, categorize expenses properly to ensure accurate financial reporting and tax compliance.
⚡Gold Rule
Distinguish Between Expenses and Investments
Expenses are costs that do not generate future economic benefits, while investments are costs that may provide long-term value.
📖Word Origin
From Middle English 'expense,' from Old French 'expense,' from Latin 'expensa,' past participle of 'expendere' (to spend).
📝Usage Notes
In accounting, 'expenses' are typically categorized as operating, non-operating, or capital expenses. In personal finance, it refers to money spent on necessities or discretionary items.