![]() It also includes prosecution fees as per necessity. ![]() It is generally the cost of legal consultations for contract building, legal cases, etc.Accommodating a new employee in the office has a fixed procedure that includes monetary and carbon expenses.It consists of recruitment, orientation, and training costs.The company has to pay the consultant or the professional for assistance.These are the expenses of income tax consultancy and financial reports.They remain the same throughout the year irrespective of the sales and profit.It includes the bills for electricity, water, internet, etc.If an employee has to travel a long distance for a field survey or any other purpose, his travel expenses count as administrative costs.These refer to travel expenses due to business requirements.They help in keeping hard-copy records. ![]() It is the cost of stationery like pens, paperclips, staplers, markers, etc.The company spends this amount on data exchange and gathering information.It includes the carbon expense of mailing and faxing.It does not include the incentives given to the sales and marketing officers.It is the overall salaries the company pays its employees.List of Administrative Expenses Employee Salar y: Moreover, companies cannot deduct these costs from the tax return. The business presents it in the consolidated income statement, grouping it with other operating and overhead costs. However, it should keep these expenses low to increase its profit margin. A company can derive its administrative expenses by summing up all the day-to-day expenses, i.e., rent, salary, utility bills, etc., throughout the year. ![]()
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