Firm Expenses

With RunSensible, you can effortlessly manage all your business finances in one place. Track expenses and view detailed reports on each team member’s spending, giving you a clearer picture of your operational costs and budget needs.

To get started, categorize your expenses by navigating to the Settings menu in the upper-right corner of your screen.

Under Expenses, choose Expense Category.

A default list of expense categories is already here for you. You can edit and remove these categories.

To add a new category, enter the category name in the Name field and click Add. You can also create subcategories within main categories. For instance, to add a “Meals” category under “Meals and Entertainment,” type “Meals” in the Name field, select ” Meals and Entertainment” from the Parent drop-down menu, and click Add.

Let’s create an expenses report. Go to your dashboard and select Firm Expenses. Here, you’ll find a list of all expenses recorded by you and your team members.

Click on New button to add a new expense report.

Give this report a name and select a supplier and specify the date of the expense. If there are any relevant notes or terms, please include them in the Description box.

Next, click Add Item to enter the expense details. Provide a name for the expense, select the appropriate category, and enter the price and quantity. Optionally, you may include a brief description.

You can add multiple expenses for a single day by clicking Add Item and repeating the steps outlined above for each expense. Once you’ve entered all expenses, click Save to add the report to your list.