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Payments & Expenses Not As Daunting With TimeLive – Here is How!

Managing expenses is a daunting task, but there is always a solution to every problem that arises and in the matter of management of resources for a project within an organization there as softwares that make lives of managers more comfortable.

The expense tracking software that is offered by TimeLive is exceptionally just to use and can serve as that one missing the link for effective management. But the questions that are out there in the minds of the users are is the set up easy? The answer is yes, simplicity is the main highlight of Livetecs’ time and expense tracking software TimeLive.

With the expense tracking feature offered, you can choose your types of expenses from the various categories provided. The administrator can also customize the expense type that is more in tune with the organization’s policies and needs. To set up the classifications for costs the administrator has just to choose Expense types.

To add a new expense type, type in the required class in the tab that reads: Expense Type Information. Then you will be asked to choose a tax code, and taxes can be added according to regions by the admin. If one wants to the number of different costs for a specific task, then you can check the box that says ‘Show Quantity.’ The admin will also be required to add the caption for the quantity and then just choose to add to include the type in the expense sheet.

The expense types can be deleted and edited by going to the Expense Type List. After choosing the option to select you will be required to modify the model as per your organization and then just click on update. Yes it is as simple as that!

With TimeLive Expense sheets, you can also predetermine payment methods which are customizable and can quickly be set to the needs of your company. TimeLive by default offers four modes of payment, i.e., American Express, Cash, MasterCard, and Visa.  However, there is an option for these to be renamed and to add another option.

The expense management has two simple steps to enter a new payment method in the system:

  1. In the form titled Payment Method Information add the payment code and name.
  2. Then just click on add, and you are done!

The deletion and editing of the payment procedures are also quite simple, and the option to do either of those tasks is available on the list itself.

When you’ve set up this feature that is in line with the organization’s requirement, the management from then onwards is smooth and requires zero effort and makes lives easier for managers.

Alma Reed is an author and researcher dedicated to enhancing productivity. She is deeply interested in areas such as time management, increasing productivity, and fostering healthy routines. Through her writing, she aims to assist people in boosting their job performance and attaining an ideal balance between work and life.

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