Bsa500

Business expenses are all of the cost that happened during normal operation of a business. These expenses include all routine and normal expenses that are linked to the daily running of the business operation. There are four types of different business expenses and they are startup expenses, operating expenses, capital expenses, and inventory expenses. The startup expenses are the entire expenses associate with the launching of a new business. These expenses include the research that is done at the launching of a new business; the registration and license fees; the cost of hiring new employees; and the deposit for utilities, rent and also the equipment’s. Operating expenses are the day to day expenses that required for the business to operate. These operating expenses include the utilities expenses, the monthly rent, high speed internet, and the employee’s salaries. The capital expenses are the cost associated with the assets purchased that have more than a year of useful life. These capital assets include the computers, server, computer desk, printers, copiers, and the business automobile. The inventory expenses are all of the cost incurred directly or indirectly in association with keeping up the inventory on hand.

Payroll is a part of an organization that keeps all of financial record of wages, salaries, employee compensation for an organization. The payroll process can be a daunting task an organization can face. The company will need to keep record of pay that it pay’s employee whether they are on a salaries or hourly paid employee. The company will file taxes and also process year end data reports for reporting to the Internal Revenue Service. There are three types of payroll system an organization can use within the organization. The first is the manual payrolls which are accountant and bookkeeper within the company manually entering and calculating payroll each pay period completely on paper. The accountants and bookkeepers calculate taxes...