Expense Categorization

Cost Code
Cost codes are standardized numerical systems used in accounting and project management to categorize and track specific types of expenditures.
Expenditure Code
An expenditure code is a unique identifier used in accounting to categorize and record expenses based on their nature and function within an organization, allowing for efficient budgeting and financial reporting.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.