This illustrated glossary uses Visual Finance™ to provide a contextualized 'big picture' view of financial results. The examples feature data for the Round Number Company—a 'made-up company' with simplified figures. The Appendix presents an explanation of how to read Visual Finance as well as the financial statements and VF views for the Round Number Company.
Site Overheads are costs that are connected directly to the production of goods and services but they are not identified as labor or materials. Examples include Depreciation of equipment at a production site, rent for a retail site, utilities for locations other than corporate offices.
The reporting of these costs will vary by company - some or all of these costs can be:
Admin Overheads are not directly connected to the production of goods and services, they are reported in Selling, General & Administrative (SG&A)
Site Overheads might be called Factory Overheads in manufacturing.
See also Direct Cost, Semi-variable Costs.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"
term list.