Purchase Summary

The Purchase Summary report provides a high-level overview of a company's expenses, summarized by category from the Income Statement. This summary view allows businesses to quickly identify major expense areas and track spending trends over time.

The report presents a consolidated view of expenses, with totals for each category, rather than showing individual transactions. This makes it easier to identify significant expense areas and potential opportunities for cost optimization.

Common expense categories included in the report are:

• Bank Fees
• Credit Card Fees
• Equipment Rental
• General Operating
• Insurance
• Interest
• Legal/Professional
• Licenses & Registrations
• Marketing
• Meals & Entertainment
• Payroll
• Professional Associations
• Rent
• Repairs & Maintenance
• Software
• Special Events Expenses
• Staff
• Subscriptions
• Supplies
• Travel
• Utilities
• Vehicle

By analyzing the Purchase Summary report, businesses can gain a clear understanding of their overall spending patterns, identify potential areas for cost reduction, and make informed decisions to improve their financial performance.