Operating Expenses
Rent expense
Salaries expense
Supplies expense
Insurance expense
Depreciation expense
Advertising expense
Travel expense
Communication expense
Utilities expense

Operating expenses include expense accounts that are necessary to earn operating revenues.

  • Cost of sales (or cost of goods sold)
  • Selling, General and Administrative Expenses (SG&A Expenses)
Selling, General and Administrative Expenses include the following accounts.

  • Salaries expense
  • Sales salaries expense (Salaries expense for sales personnel)
  • Insurance expense
  • Property tax expense
  • Rent expense
  • Utilities expense

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