Itemise

To itemise (or itemize in American English) means to list in a detailed manner, specifying each item individually. This process is often used in financial contexts, where expenses, assets, or budgets are broken down into singular components, allowing for clearer understanding and analysis. Itemising can help in ensuring accuracy and transparency in both personal and professional accounts.

Itemise meaning with examples

• When preparing your tax return, it is vital to itemise all deductible expenses accurately. For instance, instead of simply writing 'office supplies,' break it down into specific items like 'printer ink,' 'paper,' and 'staples.' This level of detail can help you identify what you can deduct and ensure that you are maximizing your tax benefits.
• During the annual budget meeting, the finance department was tasked with itemising last year's spending. They structured the report to include categories like 'marketing costs,' 'staff salaries,' and 'operational expenses,' allowing the management team to assess where the company overspent and where cuts might be necessary for the upcoming year.
• In a project management setting, it is crucial to itemise tasks to ensure that each team member understands their responsibilities. By creating a detailed list of deliverables along with deadlines, the project manager can maintain better oversight and encourage accountability among team members, fostering a more organized workflow.
• As part of the moving process, Sarah decided to itemise her possessions to keep track of everything. She made a detailed list that included furniture, clothing, and kitchenware, complete with conditions and estimated values. This helped her decide which items were essential to take, sell, or donate, streamlining the entire moving experience.