Are bank charges income or expense?

Ugh, bank charges! Aren't they just the worst? They're definitely an expense, not income. It's like, you're already giving them your money to hold onto, and then they take even more just for letting you use it! It's so annoying!

Think of it this way: income is money coming in to you, right? Like your paycheck, or maybe if you sell something on eBay. Bank charges are the opposite – money going out. So, definitely an expense. They chip away at how much money you actually make. Remember that time I got hit with a crazy overdraft fee? Totally ate into my grocery budget that week. It's like they appear on your income statement (if you have one of those, which, honestly, I don't for my personal finances... but for a business, it matters!), like little gremlins, reducing your profit. Such a pain. So, yeah, bottom line? Expense. Sadly.