There are a number of different types of expenses that a business may incur. The most common examples of expenses include:
1. Cost of goods sold (COGS): This is the cost associated with manufacturing or purchasing the products that are being sold by the business. COGS includes materials, labor, and other direct costs incurred in producing the goods.
2. Selling, general and administrative (SG&A) expenses: SG&A covers all the costs associated with running the day-to-day operations of the business, including sales, marketing, administration, rent, utilities, etc.
3. Depreciation and amortization: Depreciation is an accounting method used to spread out the cost of a long-term asset over its useful life. Amortization is similar but is used for intangible assets such as patents or copyrights.
4. Interest expense: This is the cost of borrowing money, typically in the form of interest on loans or credit lines used by the business.
5. Taxes: All businesses must pay taxes on their income and profits