Business expenses refer to the COSTS associated with running a business, such as OVERHEAD, wages, payrolls, COSTS, and OUTGO. OVERHEAD is the cost of running a business that is not directly related to producing a product or service, such as rent, utilities, and insurance. Wages are the payments made to employees for their work. Payrolls are the records of wages paid to employees. COSTS are the expenses incurred in the production of goods or services. OUTGO is the money spent by a business on goods and services.