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Your business’s recurring expenses, aside from inventories and production expenses, are periodic. Since period costs are a broad category, they’re better explained by what they aren’t. Period expenses appear on the income statement with an appropriate caption for the item,…

Business owners who do their small business bookkeeping need to know period cost accounting in order to write off their business expenses correctly. Overhead, or the costs to keep the lights on, so to speak, such as utility bills, insurance,…