💸 Expense

🏷️ Tagging Expenses

Tagging expenses in your business setup is crucial for maintaining clear, organized, and accountable financial records. It allows you to:

• 📊 Categorize and track spending across different business areas

• 💰 Manage budgets more effectively by monitoring specific expense types

• 📈 Generate detailed financial reports with accurate data

• ✅ Ensure proper documentation for deductible expenses

• 📌 Promote accountability across teams and departments

Tagging helps you understand where your money goes—and make better, data-driven decisions.

💼 Expense Categories

In Clibase, expenses are classified into two main types:

1. Expense Claims

Daily, operational store expenses (e.g. petty cash, supplies, meals, transportation).

2. Expense Bills

Recurring monthly expenses (e.g. rent, utilities, internet, subscriptions).