Bank Routing Numbers. Bank Routing Numbers. Bank routing number or routing transit number (RTN) is a nine digit number used to identify financial institution in a transaction. Most common transaction types where routing numbers are used are ACH and wire transfers.
Expense Accounts. In financial accounting, expense is: The consumption of the business' own resources (assets). Examples: consumption of supplies, cash, materials inventory and deterioration of equipment etc. OR. The creation of a liability against the business when it consumes resources from outside.
DEFINITION of 'Business Expenses' Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income. Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income. BREAKING DOWN 'Business Expenses' Although it is not necessary to include receipts for business expenses when you file your tax return, many tax preparers will ask for detailed, itemized copies of your expenses before they will submit the return.