Expense Type

An "Expense Type" helps to identify and group expenses into different categories or classifications for accounting and reporting purposes. Each expense type corresponds to a specific kind of cost that an organization incurs. Organizations can better manage their budgets, manage expenditure, and produce reports for financial analysis and compliance by defining and utilizing expense categories in the expense module. Ensuring accurate classification and accounting of expenses leads to increased efficiency and transparency in the expense management process.

Navigate to Expense > Expense Types in the left navigator.

Click on the button on the top ribbon of the view. A form will appear.