The first step to track expenses is to configure the expense types (managed as products in Kiu BMP) that your company allows, from the Configuration menu. When a specific expense is reimbursed at a fixed price, set a cost on the product. Otherwise keep the cost at 0.0 and employees will report the real cost per expense.
Here are some examples to configure:
- Restaurant:
- Cost: 0.00 (the cost of the ticket will be recorded on every expense)
- Travel with Personal Car:
- Cost: 0.30 (the price per mile reimbursed by the company is fixed)
- Hotel:
- Cost: 0.00 (the cost of the ticket will be recorded on every expense)
- Others:
- Cost: 0.0
Don’t forget to set an expense tax on each expense type.