How to financials: Difference between revisions

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 ==Category==
 * Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition.
-** We are maintaining that things like bandsaw blades, end mills, and lathe tooling are supplies.
+** These are going to be things that are directly worn down in its normal use. Example: grinding wheels, bandsaw blades, end mills, and lathe tooling.
-** These are going to be things that are directly worn down in its normal use, like grinding wheels.
+* Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consumable things in the machine. These things are less frequently replaced.
-* Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consummable things in the machine. These things are less frequently replaced.
 ** Example: cleaning fluid, belts.
 * Small Equipment - Tools or permanent improvement to tools or area.
+** These include things like shelving.
+* Office Expenses
+** Things that would be used to maintain an office building. Examples: cleaning supplies, toner, paper, toilet paper.