The expense tracker is a tool used to record and track expenses on your rehab project, so you can compare you expense to your budget and forecast project
Mark an expense as paid or unpaid to so you can track which payments have been made or are still outstanding.
Expense Description / Memo
Input a detailed expense description or memo for each expense so you know what goods or services were provided.
Input the type of payment that was used to pay for the goods or services such as credit card, check, bank transfer, etc.
Paid By (Expense Account)
Input project expenses paid by each account so you can track who made the payment for the expense which can assist in expenses reimbursement or account reconciliation. This information is used to create the expenses by account report.
Paid To (Vendor Name)
Input project expenses paid to each vendor so you can track who you made the payment to and for how much which can be used for Vendor 1099s. This information is used to create the Expense by Vendor Report, Vendor 1099 Report, & Vendor Compensation Report.
Input project expenses by expense type, which allows you to track your expenses by Fixed Costs and Repair Costs which can be compared to your project budget. The Expense Type is a very powerful feature because it is used to forecast project expenses on the Repair Forecaster and the Project Forecaster. It is also used to generate the Expenses by Scope Report.
Input project expenses by expense class or labor, material, or subcontracted, which allows you to see how much you spent in each category which can be compared to your budget.
What is the expense tracker?
The expense tracker is a tool used to record and track expenses on your rehab project, so you can compare you expense to your budget and forecast project profitability.
How does the expense tracker work?
Simply input the expense description, quantity and amount into the expense tracker for each individual expense on your project. Use the expense categories to track to track who the expense was 'Paid By', who it was 'Paid To', and what type of expense it was. The more information you provide, the more powerful the expense tracker will be for forecasting project costs and generating expense reports.
Expense Summary Report
Expenses by Vendor Report
Expenses by Scope Report
Expenses by Account Report