Operating Expenses Accounting is the process by which businesses track and analyze their expenditures related to running the company’s daily operations. It typically covers costs like wages, office supplies, power bills, rent, marketing, etc. Operating expenses can help a business better understand how it is spending money and make smarter financial decisions that could help increase profits. With the right accounting system in place, companies can make well-informed decisions about where to allocate resources best. Additionally, by tracking operating expenses over time, businesses can spot patterns in spending and identify any cost-saving opportunities.