(v1180.00) Other Expenses & Losses

Can be used to enter special nonoperating items that do not fit into the other categories on the Income Statement. This item is a subtraction, because such items are typically losses. Therefore, to represent a nonoperating gain or income, enter it as a negative number. Expenses or losses in this account are entered as positive number.

This account can be renamed in the Financial Accounts view with a description more consistent with the nature of your nonoperating items.