general and administrative expenses

Sales, General, and Administrative Expenses

Overhead costs to a company. Sales, general, and administrative expenses are usually recurring; they include things like rent, salaries, and money spent on office supplies. They do not generally include one-time costs. They form one of the single largest expenses a company can incur in its operations. These expenses are included in one category on financial statements and are subtracted from revenue when calculating operating income.

Selling, General & Administrative Expense

Overhead costs to a company. SGAs are usually recurring; they include things like rent, salaries, and money spent on office supplies. They do not generally include one-time costs. They form one of the single largest expenses a company can incur in its operations. These expenses are included in one category on financial statements and are subtracted from revenue when calculating operating income.

general and administrative expenses

Usually a pro rated portion of general overhead,charged to a particular project although not capable of segregation into goods or services provided for that project. An example could be the cost of paper, toner, office equipment maintenance contracts, phone lines,and office space.

References in periodicals archive ?
M2 EQUITYBITES-December 15, 2010-ERHC Energy Inc posts higher general and administrative expenses of USD5.
ERHC Energy Inc posts higher general and administrative expenses of USD5.157m for fiscal 2010
Paragon's general and administrative expenses increased by $14,000 for the second quarter of 2005 to $239,000, and for the six months of 2005, these expenses increased by $233,000 to $697,000 for due diligence undertaken mostly during the first quarter of 2005 on a large potential acquisition.
Paragon posts a net loss, blames failed bids
51) Private Letter Ruling 9426004 notes that certain general and administrative expenses attributable to the performance of services that do not directly benefit, or are not incurred by reason of a particular production activity, are not required to be capitalized.
Notice 96-7: request for comments on further capitalization guidance
The regulations state that under a cost-plus research contract, the allocable general and administrative expenses of the contract researcher charged in connection with the contract research performed for the taxpayer constitute qualified research expenditures.
Maximizing opportunities under the new research and experimentation regulations
861-12T(j), Example 1 -- clarifying that general and administrative expenses may be specifically traced to income generated by specific assets (rather than grouping such expenses with assets without directly identifiable yields) -- is also a good one.
Notice 89-91: allocation of charitable contributions under Section 864(e)
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