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.
Standard accounting and budget practices usually require that you provide enough detail about expenses for an auditor to determine the purpose of the expense. An organization with paid staff shows the cost of employee payments in two separate line items: salary payments and employee benefits, or fringes.