Equipment operational expenses

Fixed assets, equipment and transport dept.

What is meant by operational expenses?

 The operational expenses is the expenses spent for the equipment or the asset during using it such as oil – filter – break – maintenance – petrol and this is considered special expenses of the financial period closed in the income list.

Through the screen of equipment expenses, detailed expenses of each equipment such as oil – filters – break – maintenance – petrol etc, so as to control and follow all the expenses of each equipment.

equipment expenses registration

Accounting entry to prove equipment expenses

Detailed report of the equipment expenses

What is the difference between capital and operating expenses?