administrative expenses
Business running costs
Administrative expenses are the costs of running an organization that aren't directly tied to producing goods or services.
These include salaries for management and support staff, office supplies, rent, utilities, and legal fees.
In accounting, administrative expenses appear separately from production costs and sales expenses: The company cut administrative expenses by consolidating offices.
- salariesFixed regular payments for work
- office suppliesMaterials for desk work
- legal feesPayment for counsel
- accounting feesCharges for financial services
- certificationsOfficial competency documents
software licenses · subscription services · insurance premiums · utilities · payroll taxes · human resources · employee benefits · severance pay · benefits · employee training · background checks · office rent · pensions · licensing fees · postage · rent · staff meetings · bank charges
- creditor prioritysecured debt, unsecured debt, first lien, subordination, waterfall structure
administrative expensesproduction costs
Expenses of making goods
cost of goods sold · direct costs · variable costs · operating expenses · sales commissions
administrative expensesrevenue
Business income total
income · sales revenue · gross receipts · earnings · operating income
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