To add a new expense in Loomy360, click on the aside menu → Expenses → Record Expense.
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Name – Enter the name of the expense. This field helps you personally identify the expense easily. If the expense is billable and you provide a name, it can also be included in the invoice item's long description when billing the expense.
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Note – For personal use. If the expense is billable and you add a note, this note can also appear in the invoice item's long description when billing the expense.
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Category – Select the appropriate expense category.
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Date – Specify the date the expense was paid.
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Amount – Enter the total amount of the expense.
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Customer – Select a customer if the expense is related to a customer (refer to currency notes below).
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Billable – Once a customer is selected (if applicable), a Billable checkbox will appear. Check this if the expense is to be paid or reimbursed by the customer.
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Project – If the selected customer has active projects, a new dropdown will appear allowing you to associate the expense with a specific project.
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Currency – See notes below regarding currency.
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Tax – You can apply up to two taxes to this expense.
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Payment Mode – Choose the payment method used to pay this expense.
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Reference # – Add a reference number if applicable.
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Repeat every (recurring expense) – If the expense is recurring, you can configure it to repeat automatically based on your selected recurring settings.