Expensing: meaning, definitions and examples
๐ต
expensing
[ ษชkหspษnsษชล ]
business finances
Expensing refers to the process of recording expenses in the financial accounts of a business. It allows companies to track their expenditures for budgeting and taxation purposes. Proper expensing ensures that businesses have a clear understanding of their financial obligations and profitability.
Synonyms
Examples of usage
- The finance team is responsible for expensing all operational costs.
- Proper expensing can help in tax deductions.
- We might need to review our expensing policies next quarter.
Translations
Translations of the word "expensing" in other languages:
๐ต๐น despesas
๐ฎ๐ณ เคตเฅเคฏเคฏ
๐ฉ๐ช Ausgaben
๐ฎ๐ฉ pengeluaran
๐บ๐ฆ ะฒะธััะฐัะธ
๐ต๐ฑ wydatki
๐ฏ๐ต ็ต่ฒป
๐ซ๐ท dรฉpenses
๐ช๐ธ gastos
๐น๐ท harcamalar
๐ฐ๐ท ๋น์ฉ
๐ธ๐ฆ ูููุงุช
๐จ๐ฟ vรฝdaje
๐ธ๐ฐ vรฝdavky
๐จ๐ณ ๆฏๅบ
๐ธ๐ฎ stroลกki
๐ฎ๐ธ รบtgjรถld
๐ฐ๐ฟ ััาัะฝะดะฐั
๐ฌ๐ช แฎแแ แฏแแแ
๐ฆ๐ฟ xษrclษr
๐ฒ๐ฝ gastos
Etymology
The term 'expensing' originates from the word 'expense', which can be traced back to the Latin term 'expensum', meaning 'to weigh out, pay out'. The evolution of the term in the financial context began in the early 20th century as businesses sought more efficient ways to account for their costs. 'Expensing' as a process became more formalized with the advent of corporate accounting practices. Businesses began to recognize the necessity of tracking all expenses to develop budgets, report to stakeholders, and prepare for tax obligations. This is crucial for financial health and strategic planning, leading to the widespread use of the term in modern financial discussions.