View our full Glossary of accounting & payroll terms Visit full glossary Related topics Business finances Search for another term Search for: Glossary definition What is an expense? An expense is simply money that’s spent on something, typically for the functioning of the business. Recommended Next Read May 27, 2022 Cash flow statement: How to use this financial statement See this term in action 26 May, 2022 5 min read Balance sheet: How to use this financial statement 20 May, 2022 5 min read How the cloud can revolutionise business financial management 18 May, 2022 5 min read What the HMRC Making Tax Digital for VAT letters mean for your business Learn more about this definition and others Featured reading 18 May, 2022 5 min read How to register for Making Tax Digital for VAT 18 May, 2022 5 min read What the HMRC Making Tax Digital for VAT letters mean for your business 17 May, 2022 5 min read How using financial statements can help you grow your business Popular termsWhat is a nominal ledger?What is remittance?What is a CTO?What is benefits management?