Incorporating Expenses into the Finance module?
Apparently this has been brought up previously, about 3 years ago, so I am not the only one who would appreciate this function.
We are new to WA, and I wasn't part of the decision to purchase it, but I am surprised there isn't a way to track expenses in a membership management system! All the money organizations bring in gets spent on something, right? Even accepting payments through PayPal (which we do) generates an expense, as do the events we host, but tracking those expenses and applying them to the respective revenue streams remains a manual task--very puzzling.
Carol Gard
shared this idea
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Roger Brooks
commented
The comment about recurring expenses is no where near enough. This is what we need from an expenses module:
1. Ability to enter an expense item and upload a corresponding receipt.
2. It should be possible to assign the expense to a category. In the case of event expenses, it should be possible to assign expenses to a particular event.
3. It should be possible to track expense reimbursement, whether paid out manually or credited via PayPal.
4. It should be possible to weigh the expenses of an event against the revenue in something like a cashflow or profit/loss report, to get an idea of the net result.
5. To make it really useful, there should also be a way to set a budget and to track budget vs. actual (ideally for both income and expenses). -
Anonymous
commented
I guess I won't be using WA then. Didn't realize you couldn't track expenses.
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Anonymous
commented
Agree this is a great idea. I believe the feature request as I read it above:
* Configure a monthly, bi-weekly, etc, and provide a description - similar to the invoice feature
* Payment handling can be separate from Wild Apricot and does not have to be part of the initial feature roll out
* The ability to generate reports from all of the recurring payments.
