When it comes to running a business, understanding overhead costs is essential for effective financial management. Overheads, also known as overhead expenses, are ongoing operational expenses that are necessary for the day-to-day functioning of a business but are not directly tied to a specific product or service. In this blog post, we will delve into the definition of overheads and explore some of the basics associated with them.
When it comes to managing finances, understanding overheads is a crucial aspect for any business. Overheads refer to the ongoing expenses that a company incurs to keep its operations running, aside from direct costs related to producing goods or services. In simpler terms, overheads are the costs of running a business that cannot be directly attributed to a specific product or service.
