Expense

1.

A cost necessarily incurred in performing duties as an employee or independent professional.

2.

More generally, any cost necessarily incurred in order to do something.

3. Accounting - noun.

An item treated as a cost in the current reporting period, when preparing an income statement.

4. Accounting - verb.

To account for an item as an expense, rather than capitalising it.

See also

• Capitalise
• Expenditure
• Expenses
• Income statement
• Research & development