An expense is a payment that you have already made for a purchase or the costs incurred by a business in their effort to generate revenue.
Taimer offers two types of expense tracking:
- Expenses - This includes all costs and expenses other than travel costs
- Travel expenses - Costs associated with traveling usually for the purpose of conducting business-related activities
Once these expenses are created, you can reimburse your staff directly or integrate with an accounting software for payments. You can even add an expense to a project to invoice it to your end customer.
Who can track and manage expenses using Taimer
Whether you're a freelancer or a SME, Taimer offers expenses management for businesses of all sizes. Depending on the plan you've chosen, you can add and manage from two to unlimited expenses that can be purchased as add-ons for your existing plans.
Where to access expenses in Taimer
You can add an expense or a travel expenses from multiple places in Taimer.
From the Add New tab in the header
From the navigation sidebar
From the Taimer mobile app
How to create an expense
You can create an expenses in just a few clicks in Taimer. Simply take a picture of the receipt, upload it to the Expenses page, add expense details and send it for approval. Click here to learn more.
Remember to set up the right settings before you start creating an expense in Taimer. You can do the following in the Expenses Settings:
- Add multiple payment options/types and even assign user specific payment options. Learn more
- Segregate expenses using expense types to help you get insights on the company expenses. Learn more
- Add currency exchange rates, mileage, per diem, and allowances. Learn more
Where to access expenses related data and reports
You can view all your expenses-related data and download reports from:
- Invoicing insights - Scroll down to the Expenses Overview section to find out the total spend by different expense types. Click here to learn more
- Dashboard - Get a quick overview of all your expenses from the Taimer dashboard