Management expenses refer to all kinds of expenses incurred by the administrative department of the enterprise for managing the organization and operation activities, including company funds, trade union funds, employee education funds, labor insurance premiums, unemployment insurance premiums, directors' membership fees, consulting fees, audit fees, attorney fees, sewage charges, greening fees, taxes, land use fees, land loss compensation fees, technology transfer fees, technology development fees, amortization of intangible assets, amortization of start-up expenses, business entertainment fees, bad debt losses, etc.
Company funds are a part of the management expenses of the second-level subject of "management expenses", including the salary of headquarters managers, employee welfare expenses, travel expenses, office expenses, depreciation expenses, repair expenses, material consumption, amortization of low-value consumables and other company funds.