In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...

Direct costs -- such as labor and parts -- are those linked to the provision of services or the manufacturing of goods. Look for these costs in the "cost of goods sold" section of a statement of ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Investopedia / Paige ...

Explicit costs are direct, out-of-pocket expenses that a company incurs during its operations. These costs are easily identifiable and measurable, typically involving monetary transactions. Explicit ...

Fringe benefits that an employer provides to an employee can be classified as either direct or indirect costs. The cost of employer-paid health insurance premiums and employer pension contributions ...

Direct Expenses/Costs are allowable, reasonable and allocable as defined by Federal Uniform Guidance 2CFR200 sections 200.403, 200.404 & 200.405. When allowable and reasonable costs are directly ...