Is CapEx or OpEx the best choice for professional services?
FAQ | Professional Services Guide
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Guide overview
- 1. Professional Services Basics
- 2. Client Management and Retention
- 3. Project Definition
- 4. Resource Planning
- 5. The Ultimate Guide to Capacity Planning
- 6. Project Visibility
- 7. Billing for Projects
- 8. Project Profitability
- 9. Professional Services Software For Project Management
- 10. A Guide to Time Tracking for Consultants and Professional Services
- 11. FAQ
- 12. Glossary
Guide overview
- 1. Professional Services Basics
- 2. Client Management and Retention
- 3. Project Definition
- 4. Resource Planning
- 5. The Ultimate Guide to Capacity Planning
- 6. Project Visibility
- 7. Billing for Projects
- 8. Project Profitability
- 9. Professional Services Software For Project Management
- 10. A Guide to Time Tracking for Consultants and Professional Services
- 11. FAQ
- 12. Glossary
Accounting
Is CapEx or OpEx the best choice for professional services?
CapEx (capital expenditures) and OpEx (operating expenses) are costs that represent long-term vs. day-to-day expenses in an organization. Operating expenses typically include costs like rent, utilities, and wages, while a capital expense might include the cost of a new on-site server.
When choosing between CapEx or OpEx, a few determining factors include the size of your PS organization, its long-term goals, and current cash flow.