Versions Compared

Old Version 12

changes.mady.by.user Thomas Sherman

Saved on

compared with

New Version Current

changes.mady.by.user Shivam

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.


Info

Treat Costs as Fees (TCAF) is a flag set on expense types. It determines whether the disbursed amount (out-of-pocket) is treated as revenue or not. This is a choice that is best made in collaboration with your finance team or auditors. You may find that some expense types should have TCAF enabled while others should not. The purpose of this article is to give you a big picture overview of TCAF, some examples of when it would be used, and how it affects your financial data.


Tip
titleAdditional Resources
  1. In the Topic of the Day: Accounting Overview Webinar, we provide a general overview of accounting within Projector and provided examples of some of the most common accounting transactions that Projector generates and can be transmitted over to an accounting system. (go to 42:00)

Overview

Before we get into explaining TCAF, let's first make sure that you understand the pieces that go into billing an expense. Two pieces are usually immediately obvious. The disbursed amount is the amount you paid for something. The client amount is what you plan on charging the client. But there are still two more pieces to this equation, revenue and expense amount. They are related by the following equation.

...