Expense Types and Expense Type Groups (CQ)

Expense types are used to categorize expenses entered on expense reports and vendor invoices, and expenses entered as soft costs. For each expense type you can define the types of entry that are enabled (i.e., expense reports, vendor invoices, and soft costs). Each expense type belongs to an expense type group. Expense can be budgets based on both expense types and groups.

Expense types are managed in Job Accounting | Expense Types. Expense type groups are managed in Job Accounting | Expense Type Groups.

The list of expense types provided by default always needs to be customized. When creating expense types pay particular attention to the attribute "Treat Costs as Fees" (TCAF). Many organizations (e.g., all public companies in the U.S.) will want to enable that attribute for all expense types. If TCAF is enabled then client-reimbursable expenses add both to revenue and expense. Otherwise reimbursable expenses will count neither as revenue nor as expense. In reporting, the expense-related fields are: