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.
Businesses produce various financial reports to monitor the companyâs performance and worth. One such report is the income statement, also called a profit and loss statement. This report records income from sales, interest earned, and other sources and expenses, such as payroll, rent and cost-of-goods sold. As a rule, sales for a reporting period are matched to the expenses incurred to support those sales.