Expenses - Dates

Chad

• May 14, 2024 06:41
• Edited

For expenses - it's not always possible to have expenses for the month trued up exactly to the completion date. For example, if we complete a task for $100 on March 28th, but that expense task isn't finalized, that cost could end up on the April's payout statement instead of March.

Currently, the expense module will ONLY add expenses based on the date. That means if I put the date on the expense as 3.28.24, when I run the April 1 - April 30th expenses, this expense won't pull in. So we have to change the dates to April, which can be confusing for the client. This issue is somewhat on us, as we're migrating to a new expense + management system which caused ~$20k worth of costs to be delayed. But, there has to be a better way to allocate expenses to invoices vs. just using the date as it's currently done. 

Hoping that Hostaway comes out with a Trust Accounting type module soon, but if that's still going to be a while, there should be a better way to manage expenses. 

1

• Official comment

  

  Karmina

  • May 17, 2024 20:04

  Hi Chad,
  
  Thanks for your suggestion. I'll pass this along to our Product Team.

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