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Overhead Expenses are the ongoing costs to run a business that aren't directly tied to creating a product or service. These expenses are crucial for budgeting and financial planning because they must be paid regardless of the company's current level of production or sales.

Here’s a list of common Overhead Expenses:

1. Rent or Mortgage: Cost of leasing or owning the space where the business operates. 2. Utilities: Expenses for electricity, water, gas, and internet services necessary to maintain the business premises. 3. Insurance: Premiums for property, liability, worker’s compensation, and possibly health insurance for employees. 4. Salaries and Wages: Payments to employees that are not directly involved in the production of goods or services, such as administrative staff, managers, and support teams. 5. Office Supplies: Items like paper, ink, pens, and other stationery needed for day-to-day operations. 6. Software Subscriptions: Costs for software used in the running of the business, including accounting, customer relationship management (CRM), and project management tools. 7. Depreciation: The cost associated with the reduction in value of assets over time, such as computers, furniture, and machinery. 8. Marketing and Advertising: Expenses related to promoting the business, including digital marketing, print ads, and promotional materials. 9. Travel and Entertainment: Costs associated with business travel or entertaining clients, including meals, lodging, and transportation. 10. Professional Fees: Fees for services provided by lawyers, accountants, consultants, and other professionals. 11. Repairs and Maintenance: Costs to maintain or repair business equipment and property to keep everything in working order. 12. Taxes and Licenses: Money spent on business taxes and necessary licenses or permits required to operate legally. 13. Telephone and Communication Expenses: Costs of communication, including telephone services and mobile plans for business operations. Understanding and managing Overhead Expenses is vital for businesses to maintain profitability and ensure long-term sustainability.