Accounting expenses list (AEL) are the necessary costs that a business or organization must pay or incur in order to operate. It includes all of the materials, services and labor needed to deliver goods and services, as well as any other costs associated with doing so. AEL also includes all operating expenses and capital expenditures. Operating expenses are recurring costs, such as office supplies, payroll-related expenses, rent and insurance; while capital expenditures are those made for long-term assets such as vehicles, equipment, improvements and buildings. Keeping track of these costs is critical to any business’s success: it not only helps you understand where your money is going, but also ensures that your expenses stay within budget.