Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Expense
- What is the definition of expenses in accounting?
Expense - What is the definition of expenses in accounting?
An expense is the cost of operations that a company incurs to generate revenue. Businesses can write off tax-deductible expenses on their income tax returns, provided that they meet the IRS' guidelines. Accountants record expenses through one of two accounting methods: cash basis or accrual basis.