In this article, we will walk you through a few simple ways of importing your non-payroll expense budget into Finmark.
If you have an accounting integration, please follow the steps listed in the Importing Accounting Data help article prior to reading this article.
Adding an Expense:
Step 1: On the Expenses page, click + Add and then click Expense.
Step 2: Enter the expense details, such as class, department, and frequency (recurring or one-time).
Step 3: From the drop-down menu, select what is driving this expense:
Step 4: If you've selected a recurring expense, you will be prompted to forecast if this expense changes over time. If there is no change to this expense select no, and save.
If there is a change, select Yes and enter the following details:
Step 5: Repeat steps 1-4 for each of your expenses until you’ve added all known expenses.
Using Formulas for your Expense Budget:
Create a customized expense budget using formulas & variables. In this example, we will show you how to create an expense budget for onboarding new hires.
Step 1: Follow the steps above to create your expense. When prompted to select the Expense Type, select Custom Formula.
Step 2: In the fx variable tab, enter Headcount.New*2000.
How to Import Historical or Current Expense Budgets from a Spreadsheet:
Step 1: Create a new expense and set the start date to when you started reporting on this expense.
Step 2: Set the Calendar Date Picker back to the date you would like to import data. Now, go to the Expense Details tab and identify the expense.
Step 3: Copy the expense details from the outside source. Then Paste into the desired cells.
This will allow you to easily import your historical or future forecasted expense details.