Operating expenses are the costs associated with running a business – such as payroll, inventory and supplies, marketing, utilities, and rent. These are the expenses that keep your business up and running, day-to-day. Non-operating expenses, on the other hand, are costs related to any investments or income not related to business activities. Examples include gains and losses from investing in stocks, and one-off costs like legal fees or writedowns. Whether operating or non-operating, every expense needs to be carefully managed to ensure your business stays profitable and cash flow remains positive.
Want to find out more about procurement?
Access more blogs, articles and FAQ's relating to procurement