1 The above figures place the cost of the addition at $124 per square foot. 2  This pricing structure assumes that carpenters charge an average of $70 per hour, electricians between $65 to $85 per hour, and painters between $20 and $35 per hour.
Generally speaking, this field is what is used to capture the detailed explanation of the business reason behind the expenses that are included on the report. On expense reports that are created using the Business Expenses template, not all expenses on the report may be related to each other.
The 'Other Expense' and 'Other Income' accounts are designed to show as separate group of accounts on the bottom of the Profit&Loss Report. The design of the report is to calculate the 'Other Income' minus ' the 'Other Expense' on its own before their total is deducted from the Net Ordinary Income. What you're seeing is the total amount of Other Income/Expense and I understand it can be confusing as it is labeled as 'Net Other Income' but you used an 'Other Expense' account.