Expense account

An account that tracks what your company is spending. (You can think of expenses as money that leaves the company.) Unlike balance sheet accounts, expense accounts do not have a register of their own. You can get a list of the transactions posted to an expense account by selecting the account in the chart of accounts and choosing QuickReport from the Action pop-up menu ( image).

 

More about expense accounts...

See also:  income account, balance sheet accounts