Expense Administration

What’s new:

We’re comfortable to announce the discharge of expense administration in Cover. As you incur bills in your agency particularly associated to purchasers, now you can file these bills and embrace them on consumer invoices. Bills may look completely different for each agency, however some examples might embrace transport/mailing bills, software program utilization charges, coaching prices, authorized and regulatory charges, or printing/replica prices. 

Why it issues:

By being able (and a devoted house) to file and handle bills, you possibly can enhance the accuracy of your billing inside Cover. Accounting for all bills additionally empowers you to incorporate bills on consumer invoices and (possibly extra importantly) receives a commission for.  

The way it works:

Managing bills in Cover is an identical expertise to how you’d file and handle time entries. You possibly can navigate to this new space beneath the “Billing” tab. A brand new devoted house labeled “Bills” will be chosen. You’ll see a desk and a button within the prime proper nook the place you possibly can add a brand new expense. 

When including a brand new expense, you’ll want to incorporate the date, expense quantity (much like a verify quantity), the consumer identify, notes (if relevant), the assigned staff member, quantity for the expense, and designate whether it is billable or not. As soon as added, you possibly can then handle the expense from this desk, see it within the WIP report, and hyperlink/add them to an bill.  

Moreover, customers will have the ability to view expense-related info within the Profitability report situated beneath the Experiences tab beneath the Billing part. 

The place to search out it: 

Managing bills in Cover would require having a license for Cover’s Time & Billing module.

Supply hyperlink

Related Articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest Articles