How to Record and Activate Costs Tracking in Invoice123?
Tracking costs is a crucial aspect of maintaining a healthy financial state for businesses involved in trading or service provision. With Invoice123, you can effortlessly activate the Expenses functionality in our platform, enabling you to accurately and transparently track your business expenses. Stay on top of your financial health with ease and clarity.
How to track expenses in Invoice123?
- Select EXPENSES from the menu bar
- Click CREATE EXPENSE
- Select the type of expenses
- Enter the REFERENCE NUMBER
- Complete the SELLER DETAILS
- Fill in the details of the PRODUCT/SERVICE purchased
- Select the TYPE OF EXPENSE
You cannot remove the following standard cost types from your settings:
- Common
- Representational
- Materials, supplies, raw materials and parts
- Fixed asset
- Taxes, fees and charges
- Create an expense
Additional settings
- Automatically consider all newly created expense as PAID
- Add additional TYPES OF EXPENSES
- Change the PAYMENT TERM
Updated on: 05/06/2024
Thank you!