Expense Types
The Expense Types serve as predefined categories used to classify different types of expenses across multiple modules. They help standardize expense tracking, improve financial reporting, and ensure consistency in accounting processes. Users can create, edit, and manage Expense Types through the dashboard.
Overview
Expense Types are widely utilized in various modules, including Purchase Requests, Request for Proposals, and Purchase Orders. They help distinguish between different kinds of expenditures, such as travel-related costs, office supplies, or vendor payments, ensuring accurate financial management and reporting.
Document Rows
- Name: Displays the name of the expense type (e.g., "Hotel Accommodation," "Office Supplies").
- External Code: A unique identifier used for integration with external systems, ensuring seamless data exchange between modules and financial tools.
- Is Travel: Indicates whether the expense type is related to travel expenses.
- Is Purchase: Determines if the expense type is linked to procurement activities.
- Is Active: Specifies whether the expense type is currently in use. Inactive types remain in the system, but cannot be selected in new transactions.