EXPENSE TRACKING MADE EASY
Timelive Expense Tracking software feature gives instant expense management solutions against current and future projects that are to be run in the organization. The completion of a specific project is not the achievement; the achievement is efficiency in achieving it that is utilizing the minimal resources in achieving the desired goal. The expense tracking feature does not cut your expenses, it helps you to take control of them so that you can manage your overhead expenses by cutting down unwanted process or implementing a solution which will save you money in the long-term.
The expense tracking feature of Timelive will assist managers in your organization to keep an eye out for unnecessary expenditures. Implementing expense tracking will result in efficient processes but more importantly develop a habit of operating with the most optimum level of resources to carry out tasks, duties and responsibilities which will ultimately contribute in profit maximization. Expense tracking feature allows managers to see expenditure incurred against a certain project meaning that manager can also set a boundary of maximum expenditure to be incurred against a certain project to control expenses and enhance organizational efficiency.
Timelive time tracking software also gives its customers the liberty to customize several functions of expense tracking features such as Taxation accordingly to the policy of that area or currency in which the expense is incurred. Timelive online timesheet strives to minimize the effort to be put in from your side and takes all the technical responsibilities on its own shoulders.
EXPENSE TRACKING FEATURES
Provides an expense tracking sheet to input expenses against the projects, this allocates the expenses to their respective projects. It also allows you to enter the mileage for your expenses.
The feature also supports customization approval paths which can consist of multiple levels of approvals for certain projects and employees. The customized approval path gains you the advantage of structured proceeding towards the execution of certain projects.
Enter expenses in multiple currencies with according to conversion rate history (Date has to be set by you). It saves you the hassle of converting the currency yourself and then entering the expense incurred.
You can also customize the calculation according to your regional policies of taxation. Multiple taxes can also be applied on a single item.
Billable/Unbillable option to define whether or not the client should be billed for an expense incurred.
Track your expenses for pending reimbursement and mark those who are reimbursed already.
Expense receipts and memos can also be attached for the authority to review it and approve it afterwards.
Reminder and notifications will be sent on the scheduled basis to the authorities for their pending approvals regarding certain projects.
Detailed and summarized expenses reports are available with all possible filters. You can create reports and also customize previous ones.