Product expenses cover all expenditures involved in the manufacturing, procurement, acquisition, and distribution of goods. While some expenses are directly attributable to the production process and are included in the Cost of Goods Sold (COGS), there are also expenses that play a crucial role in business operations but are not classified as COGS. This document explains how you can add such expenses.
Navigate to Settings
Click Costs
Select Product Costs
Scroll to the Add Custom or Variable Expenses section
Click +Custom Expense to add a new expense
Select the expense's Recurrence
Note: Not sure of the difference between one-time expenses and recurring expenses? Click here to learn more
Select the Expense Status
Active - Expense that is ongoing.
Ended - Expenses that was active or ongoing at some point but have since ended or been completed.
Active with End Date - Expense that is currently active but has a predefined end date or expiration date.
Fill the Expense Label, Category, Expense Amount, and Payment Date
Click Save