expense

(redirected from Recurring expense)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Expenses

Costs of living or doing business. Examples of personal expenses include the mortgage payment, groceries, and gas for the car. Examples of business expenses include the cost of materials, employee salaries, and other overhead. Expenses also include unusual costs like medical bills or employee bonuses. Businesses attempt to keep costs to the lowest possible amount without sacrificing revenue. This maximizes profit. Likewise, households generally attempt (and in many cases must) keep expenses lower than household income. While business expenses are generally tax deductible, most personal expenses are not.

expense

any expenditure which is chargeable to the trading activities of an accounting period. This includes cash expenditures on materials and labour, and non-cash items of expenditure such as credit purchases and depreciation.
References in periodicals archive ?
50) Where relocation costs are unrelated to the construction of fixed assets, however, the costs are deductible recurring expenses.
When acquisition costs relate to normal, in-house recurring expenses, the fact they are incremental, directly attributable or related to integration will not make them capitalizable.
The use of scalable and disposable technologies can significantly improve process economics by eliminating time-consuming steps, safety risks, and several sources of capital and recurring expenses," said Sellick.