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