Expenses allow you to record and track money leaving your business.

Recording expenses helps you:

• monitor business spending
• store receipts for record keeping
• track costs related to specific customers or jobs
• prepare financial summaries and reports

Types of Expenses

JiffyTrade supports two types of expenses.

Standard expenses

Standard expenses are one-off costs recorded individually.

Examples include:

• buying materials for a job
• purchasing tools or equipment
• fuel or travel costs

Recurring expenses

Recurring expenses are costs that repeat automatically on a schedule.

Examples include:

• software subscriptions
• monthly equipment leases
• regular supplier charges

Recurring expenses automatically generate new entries when they become due, allowing you to set them up once and let them run automatically.