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Expenses correspond to amounts spent to attain the objectives of the Folio such as rents, maintenance contracts, software license purchases, loan financing costs or mortgages. They can belong to any of the three standard Categories: OPEX, CAPEX or FINEX. Expenses can be single occurrence, or they can be recurrent. Recurrent expenses can also be amortized; in which case the amount associated with the payment will be evenly split on the payment period.
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CategoriesFOLIO uses a classic categorization of expenses to better structure your budget. Every expense planned in a budget belongs to one of three main categories: Operational expenditures (OPEX), Capital expenditures (CAPEX) or Financial expenditures (FINEX). Each of these categories will be shown only if it holds at least one expense in it for a given budget. Once a category is displayed on screen, you can collapse it or expand it by clicking on the triangle icon ( ) next to the category name. You should classify expenses in their appropriate category so that you can later get relevant information about the categories themselves, like the total planned cost for all capital expenses. Operational expenditures (OPEX)Operational expenditures are all non-capital expenses incurred during normal operation. They are the day-to-day expenses required during the execution of a project, such as the salaries, rent, insurance, electricity, and computer maintenance contracts. They do not include physical assets or loan financing for example. All positions added to a budget are automatically added to the OPEX category. Capital expenditures (CAPEX)Capital expenditures are used by an organization to acquire or upgrade physical assets with a useful life extending beyond the taxable year. Examples of capital expenses are purchase of a computer, photocopier or building. Financial expenditures (FINEX)Financial expenditures are usually interest expenses, such as loan financing, credit card interest, etc. | Anchor |
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Expense recurrenceExpense can be defined to be recurrent using the Recurrence dialog that appears when clicking the edit link of the Recurring field in the various edition dialogs. See Recurrence for more information. Recurrent expenses can be amortized in which case their payments will be evenly spread upon their recurrence period. For instance, a monthly amortized expense of 1,200$ that is defined to recur for 1 year will result in 12 payments of 100$ each occurring once a month. See the Expense Cost Calculation section below for more examples on amortized expenses. Expenditures and Folio's Timeframe| Include Page |
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| When selecting an expense on the budget page, more information on that expense is displayed in the details panel on the right.
Note that you can also select multiple expenses or even a mix of positions and expenses at once by selecting multiple lines in the budget (by pressing and holding the Control key while clicking the positions and expenses). This gives you an aggregated view showing the total costs of the selected expenditures. (Multiple Selections)
You can attach files to an expense in order to keep related documents handy (invoices, quotations, etc.). To attach files to an expense, select it and then click button Attach Files in expense details panel on the right. This will bring up a dialog where you can pick a file (or multiple files simultaneously, if your browser allows it) and enter an optional comment.