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.
Model Expense Line Items After Tax Returns. For ease of tax reporting, expenses can be classified to match year-end tax reporting requirements. Examine company tax returns from previous years to determine the required reporting format for expenses, and then group like expenses to match the proper IRS categories.