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Those costs incurred when you buy protection for your company from damages.
What are insurance expenses?
The costs of the fans that you rented to get the paint to dry faster on the Miller job.
What are equipment rental fees?
You publish ad on the Google Ads network.
What are marketing expenses?
The monthly fees that you pay to protect your employees from accidents.
What are Workman's Compensation expenses?
The gas that you filled up your truck this morning.
What are gas expenses?
When you went past your credit limit into overdraft.
Before you begin work you need to go down to City Hall and get one of these.
What are building permits?
You pay a third party to complete part of a project.
What is a subcontractor's expense?
The expenses associated with the diminution of the useful life of an asset.
What are depreciation expenses?
The hourly wages that you pay your bookkeeper
What are wage expenses?
The annual expense associated with the ability to operate a construction company in Quebec.
What is the RBQ license fee?
You have to pay a crew to pickup the garbage at the end of the day.
What are subcontractor's costs?
The costs of replacing a door on the kitchen cabinets you installed.
What are warranty expenses?
A client doesn't pay you the final 5% of his outstanding invoice
What is a bad debt allowance?
The toner that you bought for your computer printer.
What is an office expense?
The fees that you pay to deposit a client's cheque.
What are bank fees?
The materials that you buy for a construction project.
What are Cost of Goods Sold or inventory?
You go to a networking activity.
DAILY DOUBLE!!!
What is a selling expense?
You need to buy your employees work boots.
What are work-related expenses?
You need to buy winter tires for your truck.
What are vehicle maintenance costs?
The expenses incurred when you have to prepare an estimate.
What are selling expenses?
The expenses that you pay the federal and provincial governments at the end of the year.
What are tax expenses?
Your salary as the owner of a construction company.
What is a salary expense?
You have to pay for employees parking in a parking lot?
What are work-related expenses?
Those costs associated with the extra time that you spend checking a project.
What are quality control expenses?