Selling, general, and administrative expense: Costs that are expensed as they occur and are not assets (not capitalized)

  • Costs expensed on the income statement in the period in which they occur (not added to inventory)
  • Selling: Costs not in cost of goods sold, such as commissions
  • General: Expenses such as taxes and miscellaneous costs
  • Administrative: General support and salaries not directly related to manufacturing

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