Your expense model captures all of your non staffing-related expenses. To create accurate financial statements, and for tax compliance, you must classify all of your expenses properly. This Microcast provides an overview of the four classification groups: G&A, COGS, product development, and sales & marketing—and which ones to use for your business use case.
Next, we will walk you through the Financial Model — spotlighting the Expense tab. This covers the four classification groups: G&A, COGS, product development, and sales & marketing.
Remember to download the Financial Planning Model & Example Files.