In accounting, an expense is a general term for an outgoing payment made by a business or individual.
One specific use of the term in accounting is whether a particular expenditure is classified as an expense, which is reported immediately to the investing public in the business's income statement; or whether it is classified as a capital expenditure or an expenditure subject to depreciation, which are not. These latter types of expenditures are reported eventually, but not immediately, by business that use accrual-basis accounting, meaning all large businesses.
In investing, one controversy that mounted throughout 2002 and 2003 was whether companies should report the granting of stock options to employees as an expense on the income statement, or should not report this at all in the income statement, which is what had previously been the norm.
Direct deposit from your expenseaccount to your checking or savings account is also available (http://www.princeton.edu/hr/ben/fsaddform.pdf).
Please estimate your expenses carefully because the IRS does not allow you to roll over unused funds at the end of the year, so any money left in the account will be forfeited.
The Dependent Care ExpenseAccount is a program that allows you to set aside money, before taxes, from your paycheck to pay primarily for childcare expenses* of dependent children 12 years and under.
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