Interest expense: Cash paid to lenders for the use of borrowed money

  • Most interest is a financing expense used for general operations
  • Some interest, such as interest in connection with construction, is capitalized and becomes a part of the overall cost of the asset
  • Interest is generated on debt from bonds, notes payable, and other company borrowings
K_10F_Interest_expense

Write Off Apps

App for Entrepreneurs to Learn Tax Savings, Structure Right, & Grow Their Business with an Easy Game. A player chooses a character and plays each round against an opponent answering questions and learning on how to structure a business right, pay less tax, and more along the way. It is a fun and interactive way to learn all you need fast!

Free Cheat Sheet

Free Cheat Sheet

Subscribe for your free Cheat Sheet and to start your Know Your Numbers Journey

« Back to Glossary Index