G&A (General & Administrative)
Also called General & Administrative
G&A (General & Administrative) is a section within the Operating Expenses section of a P&L, along with R&D (Research & Development) and S&M (Sales & Marketing).
Expenses that are general / admin and don’t fall into R&D or S&M are categorized here.
In the room
G&A is the first place a private equity buyer looks for cost synergies, because back-office roles duplicate the fastest in a merger. If you're asked how a sponsor creates value post-close, this is a concrete answer instead of a vague one.