EXP = Total Revenues - Net Income
How do I calculate the expense?
To calculate expenses, start by calculating net income by subtracting total expenses from total revenues. This can be done in either Sourcetable. The formula for calculating net income is as follows:
Net Income = Total Revenues - Total Expenses. Once net income is calculated, subtract it from total revenues to arrive at total expenses. This will provide you with an accurate picture of your total expenses.
What are Expenses?
Expenses are the cost of operations a company incurs to generate revenue. This includes payments to suppliers, employee wages, factory leases, and equipment depreciation.
What are Tax-Deductible Expenses?
Tax-deductible expenses are expenses that businesses can write off on their income tax returns.
What are the two main categories of business expenses?
The two main categories of business expenses are operating expenses and non-operating expenses.
What are Operating Expenses?
Operating expenses are expenses incurred by the company for its main activities.