Online Expense Management System

The expense module in Shadobooks ERP is a feature that allows businesses to manage and track their expenses efficiently. It provides a centralized platform for recording all types of expenses, including employee reimbursements, vendor bills, and other miscellaneous expenses. This module helps businesses to streamline their expense management process by providing tools for creating expense reports, tracking expenses against budgets, and generating insights into spending patterns.

Benefits of Record Expenses

The following are the expenses benefits in Shadobooks CRM:

➟ Fewer delays and errors,

➟ Greater operational efficiency,

➟ Greater visibility,

➟ Simplified reporting,

➟ Greater compliance.

➟ Integrated with both the sales and purchase modules

Direct Expenses

➟ Direct expenses are expenses that a corporation can easily link to a specific "cost item," which could be a product, department, or project.

➟ This category may contain software, equipment, and raw materials.

➟ It can also involve labour, assuming the labour is specific to the product, department, or project.

Indirect Expenses

➟ Indirect expenses are those that cannot be determined directly within a given product or service.

➟ Indirect expenses include the costs of maintaining and running a business.

➟ These overhead costs are once left over the direct costs have been computed further.

Overview and How to Record expenses in shadobooks CRM

➟ To add a new expense, select Expenses ⇢ Record Expense from the side menu.

➟ Fill out the details in the expenses form and save it.

➟ You can assign tasks to newly created expenses and attach 'expense receipts' as well.

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