How do I calculate the operating expense report?
It is important to understand how to calculate an Operating Expense Report in order to ensure accurate budgeting and financial reporting. The operating expense is calculated by adding up various selling, general and administrative expenses. The calculation can be done manually or using software such as Sourcetable. The formula to calculate the operating expense is:
Operating Expense = SG&A + Selling Expenses. By understanding this formula and calculating the operating expense correctly, organizations can better manage their budget and financial reporting.
What types of expenses are included in an Operating Expense report?
An Operating Expense report may include COGS, salaries, rent, utilities, marketing, and other ongoing expenses.