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Expense & Income
Expense & Income covers finance activity that is not primarily a partner receipt or payment. It includes the setup of expense and income types, cash disbursement, staff or operational advances, retirement of advances, and one-off income recognition.
Screenshot: Expense & Income dashboard
Concepts
| Concept | Meaning |
|---|---|
| Expense types | Categories used to classify outgoing expense activity. |
| Cash disbursement | Cash payout workflow for approved operational expenses. |
| Expense advances | Advances issued before final supporting expense documents are retired. |
| Expense retirements | Retirement workflow used to account for advances after spending occurs. |
| Prepayments | Payments made before the related service or benefit is fully consumed. |
| Income types | Categories used to classify incoming income activity. |
| One-off income | Non-recurring income recorded directly in Finance. |
HowTo
- Open Finance.
- Select Expense & Income.
- Choose the relevant workspace for the activity being recorded.
- Apply filters to review existing records.
- Create, approve, post, or review records according to the workflow actions available to your role.