Cost

Meaning

In accounting, the terms expense and cost mean different things, but they both refer to goods and services you’ve purchased.

Key points

• Cost appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, cost is used to keep invoice and payment operations structured and auditable.