Expenditures are the spending of cash in your Coeur d’Alene business. All expenses are expenditures, but not all expenditures are necessarily expenses.
Only expenditures that immediately generate revenue are considered expenses. When expenditures are made for items that have future benefits they are classified as assets and converted to expenses as they are used up.
Expenses are expenditures made to generated revenue. Whether or not cash changes hands, an Idaho company incurs an expense as soon as it makes a commitment to pay for a product or service.
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