You can easily keep track of your company expenses with Magnetic.
Follow these steps to add expenses:
- Click on Finance
- Click on Expenses
- Click on New Expense.
- Fill in all the relevant information for that expense:
- Job / Opportunity: Link this expense to the budget for a specific opportunity or job by entering the name of the opportunity / job here.
- Item type: Link this expense to one of your item types / billing rates. E.g. Admin Materials or parking.
- Amount: Enter the value of the expense.
- Event date: Enter the date the expense was incurred.
- Owner: The person responsible for this expense.
- Tags: A comma-separated list of tags used to segment your database.
- Comment: Add any extra information about the expense here or use the paper clip icon to upload a file relating to the expense (e.g a receipt or invoice etc).
- Save. If you wish to add multiple expenses, click the arrow icon next to the Save button and Choose "Save and Add New
See the screenshot below:
Once the expense has been uploaded, admin account manager users will be able to review the expense and approve/reject it from the expenses page.