COSTS ON ACCOUNT

Definition: Expenses or charges that are recorded in financial records or accounts.

Synonyms: Expense Charge, Payment Bill, Fee Levy, Expenditure Debit, Outlay Charge

Usage Examples in Sentences

#1
Emily kept track of her monthly costs on account for online subscriptions.
#2
The school tallied the costs on account for educational materials and supplies.
#3
The restaurant manager tracked the costs on account for the fresh ingredients.
#4
The company decided to defer the payment and recorded the costs on account for future settlement.
#5
After the unexpected repair, they added the maintenance costs on account to be handled in the next budget cycle.
#6
The hospital regularly tracks medical supplies costs on account to manage its budget efficiently.
#7
The student union committee discussed putting the event organizing costs on account until sponsors were secured.
#8
The artist preferred to charge art supplies costs on account, simplifying financial transactions with clients.
#9
The artist's avant-garde exhibition incurred unexpected costs on account.
#10
The elaborate wedding ceremony resulted in substantial costs on account for the couple.
#11
The innovative tech startup carefully managed its resources to avoid excessive costs on account.
#12
We need to review the costs on account for accuracy before finalizing the budget.
#13
Our accountant is responsible for managing the costs on account efficiently.
#14
The auditor scrutinized the costs on account to ensure compliance with financial regulations.
#15
Reducing unnecessary costs on account can greatly improve overall profitability.
#16
Costs on account must be meticulously documented for accurate financial reporting.
#17
Meticulously documenting costs on account is crucial for accurate financial reporting.
#18
The company incurred significant costs on account due to unexpected maintenance issues.
#19
Education institutions often face challenges managing costs on account of various administrative needs.
#20
Costs on account, if not properly monitored, can lead to financial discrepancies.
#21
The organization meticulously documents all costs on account for transparency and accountability.
#22
Non-profit organizations rely on donations to offset costs on account of their charitable activities.

Usage Example in Conversation

A: Hello, Mark. I've been reviewing our financial statements, and I noticed some significant costs on account for the last quarter. Can you provide some insight into what these expenses entail?B: Of course, Sarah. Those costs on account primarily consist of our procurement of raw materials for the new product line we're developing. We've been stocking up to meet the anticipated demand.A: I see. It's crucial for us to monitor these costs closely to ensure they align with our budget projections. Do you anticipate any fluctuations in these expenses going forward?B: There might be some fluctuations, especially if there are changes in market prices for the materials. However, we're actively seeking ways to optimize our procurement process to mitigate any significant increases.
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