Expense refers to the costs incurred by a business for its daily operations, including workforce payments, vendor fees, and administrative costs. It plays a crucial role in financial planning, budget allocation, and profitability analysis across industries like manufacturing, retail, logistics, and facility management.

For businesses managing contract workers, gig employees, and blue-collar workforce, tracking payroll, allowances, compliance costs, and reimbursements is essential. Companies use HRMS platforms and expense management tools to streamline approvals, monitor spending, and ensure cost control while maintaining compliance with financial regulations.