Accounting Expenses refer to the costs incurred by a business in the day-to-day running of its operations. Accounting expenses are anything that is used up or consumed during normal business activities, such as wages and salaries, utilities, rent, office supplies, advertising, and other overhead costs. The amount of money spent is recorded in the company’s financial statements and can be used to calculate the profitability of the business. Accounting expenses should be tracked carefully and regularly reviewed to ensure they are kept at an efficient level for the smooth operation of the business.