What is "Total Expenses"?
The Total Expenses metric represents the sum of all costs incurred by a business within a specific time period. It includes expenses such as wages, rent, utilities, and supplies. This metric is essential for tracking and analyzing the financial health of a company, as it provides insights into the overall spending and profitability.
Example: Example: Tracking all business expenses, such as rent, utilities, and office supplies, to calculate the total expenses for a specific time period.