What is an intermittent expense?

Publish date: 2023-02-10
“Intermittent Expenses” are those that occur once a year or irregularly, like car registration, tax payments, auto or home repairs or vacations. The truth of the matter is that while intermittent expenses don't occur regularly every month, most of them are fairly predictable.

Besides, what are the 4 types of expenses?

Terms in this set (4)

Secondly, what kind of expense are groceries? A discretionary expense differs from a variable expense in that variable expenses are expenses required for comfortable living, such as groceries, car maintenance, and electric bills. You can live without discretionary expenses, such as movie tickets, books or your daily latte.

Similarly, it is asked, what are the 3 types of expenses?

There are three major types of expenses we all pay: fixed, variable, and periodic.

What are considered expenses in accounting?

An expense in accounting is the money spent, or costs incurred, by a business in their effort to generate revenues. Essentially, accounts expenses represent the cost of doing business; they are the sum of all the activities that result in (hopefully) a profit.

What are basic living expenses?

Living expenses are expenditures necessary for basic daily living and maintaining good health. They include the main categories of housing, food, clothing, healthcare, and transportation. Housing: Whether you rent or own, there are regular expenses, including some you may not be aware of.

What are some examples of operating expenses?

An expense incurred in carrying out an organization's day-to-day activities, but not directly associated with production. Operating expenses include such things as payroll, sales commissions, employee benefits and pension contributions, transportation and travel, amortization and depreciation, rent, repairs, and taxes.

What are normal monthly expenses?

To help you get it right, we've assembled a list of the most common average monthly expenses.

20 Common Monthly Expenses

Are expenses liabilities?

An expense is the cost of operations that a company incurs to generate revenue. Unlike assets and liabilities, expenses are related to revenue, and both are listed on a company's income statement. Expenses are the costs of a company's operation, while liabilities are the obligations and debts a company owes.

Are groceries a variable expense?

Variable expenses are not considered "variable" because they are discretionary; for example, your grocery bill can fluctuate from month to month, but it is not discretionary because it's not an expense you can do without.

What are personal expenses?

Personal Expenses means travel and other reasonable reimbursable expenses of Operator's employees. Based on 78 documents 78. Personal Expenses means reimbursed costs for travel and temporary living expenses.

How do I organize my monthly expenses?

Making a monthly budget plan takes about an hour.
  • Determine Your Earnings. Calculate how much money you expect to make each month after taxes and other payroll deductions.
  • Monthly Expenses.
  • Subtract Monthly Expenses From Earnings.
  • Subtract Any Extra Expenses.
  • Build in a Cushion.
  • Rework Your Budget.
  • Invest in Yourself.

    • What are major expenses?

    The major expenses that affect companies in the airline industry are labor and fuel costs. Labor costs are largely fixed in the short-term, while fuel costs can swing wildly based on the price of oil. For this reason, analysts pay more attention to fuel costs in the near-term.

    What is included in other operating expenses?

    Other operating expenses, also known as overhead expenses, is the amount which generally does not depend on sales or production quantities. These include, for example, marketing expenses, rent and utilities, office expenses, operating leases, IT (software services) and other fixed costs.

    How do you cut operating expenses?

    Here are different methods, you might be able to cut down your expenses with:
  • Less Printing: Printing isn't a cheap operation.
  • Outsource Bookkeeping processes:
  • Pay Your invoices early:
  • Reduce inventory levels:
  • Use internet marketing:
  • Hire interns:
  • Less traveling:
  • Consider Letting Employees work remotely:

    • How do you cut expenses?

    10 Easy Ways to Cut Your Expenses
  • Cut back and/or bundle phone and Internet services.
  • Stop being a pet lover.
  • Watch what you eat.
  • Consolidate your debt and lower interest fees.
  • Reduce Electricity Use.
  • Grow a Garden.
  • Stop Smoking.
  • Reduce Your Insurance Premiums.

    • What bills do adults pay?

    Here is a list of categories to include in your fixed expenses:

    What are the different types of operating expenses?

    Operating expenses include:

    What are the biggest expenses in life?

    Ten Biggest Expenses of the American Family

    How do you categorize expenses?

    Learn to categorize your expenses so you can get the full tax benefits of your deductions.
  • Create a category for advertising.
  • List vehicle expenses.
  • Make a section for commissions and fees.
  • Designate a category for depletion.
  • Make a section for depreciation.
  • Deduct employee benefit programs, such as insurance.

    • How do you explain profit?

    Profit describes the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question. Any profits earned funnel back to business owners, who choose to either pocket the cash or reinvest it back into the business.

    What should I include in my budget?

    Here are 20 common things to include in a budget:

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