Planning Your Expense Categories

What is a Expense Category?

The software automatically tracks costs of sales in each Service Category and Sales Department. By setting up Expense Categories, you can also track expenses consumed internally, such as office supplies, cleaning supplies, tools, etc.

Individual supply-type inventory items(The software tracks two types of inventory; Materials Inventory, and Supplies Inventory.  The difference is simple - Materials are sold for profit, while Supplies are consumed  by your business.) may be assigned to each Expense Category for expense tracking purposes.

Master Expense Categories at the Location

Every business Location will operate with the complete set of Expense Categories set up in the Enterprise  (Franchise or Setup) Manager.  Individual Locations do not have to choose a subset of the Expense Categories. Of course, each Location can choose to ignore Expense Categories that are not applicable to them.

NOTE: Each time you set up a new Expense Category, you are actually adding a new user-defined account to your General Ledger Chart of Accounts. For details, see General Ledger Accounts.