Systems

Types of expenses and classification in the accounts tree in contracting companies.


There are four types of expenses are used most often in the contracting companies which are 

  1. operations expenses that concerned with the expenses that are spent directly on projects such as; workers' salaries- equipment rent- materials. 
  2. General and administrative expenses which are for management or any expenses that is difficult to load it directly on project like banking expenses.
  3. Production expenses are used in case of the company uses production centers to serve its projects such as; crushers and concrete factories. 
  4. Equipment expenses are for operating equipment's from fuel, excavators, maintenance and spare parts…etc.

Expenses and classifying it in contracting companies.