An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.

Administrative expenses include most expenses that are part of your operating budget. To be classified as an administrative expense, the expense must be a regular business expense that aids the ...

Brex reports that effective expense receipt tracking can streamline financial processes, reduce errors, and enhance ...

The term "temporary account" refers to items found on your income statement, such as revenues and expenses. "Permanent accounts" consist of items located on the balance sheet, such as assets, owners' ...