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Expenses
Odoo Expenses streamlines the management of expenses. After an employee submits their expenses in Odoo, they are reviewed by management and accounting teams. Once approved, payments can then be processed, and disbursed back to the employee for reimbursement.
:::{seealso} Odoo Expenses: product page :::
Set expense categories
The first step to track expenses is to configure the different types of expenses for the company
(managed as expense categories in Odoo). Each category can be as specific or generalized as
needed. Go to {menuselection}Expenses app --> Configuration --> Expense Categories to view the
current expensable categories in a default list view.
:align: center
:alt: Set expense costs on products.
To create a new expense category, click {guilabel}New. A product form will appear, with the
description field labeled {guilabel}Product Name.
:::{note}
Expense categories are managed like products in Odoo. The expense category form follows the
standard product form in Odoo, and the information entered is similar. Expense products will be
referred to as expense categories throughout this document since the main menu refers to these as
{guilabel}Expense Categories.
:::
Only two fields are required, the {guilabel}Product Name and the {guilabel}Unit of Measure.
Enter the {guilabel}Product Name in the field, and select the {guilabel}Unit of Measure from the
drop-down menu (most products will be set to {guilabel}Units).
:::{tip}
The Sales app is where specification on the units of measure are created and edited (e.g.
units, miles, nights, etc.). Go to {menuselection}Sales app --> Configuration --> Settings and
ensure Units of Measure is enabled in the Product Catalog section. Click on the
{guilabel}Units of Measure internal link to {doc}view, create, and edit the units of measure <../inventory_and_mrp/inventory/product_management/configure/uom>.
:::
:align: center
:alt: Set expense costs on products.
The {guilabel}Cost field on the product form is populated with a value of 0.00 by default. When
a specific expense should always be reimbursed for a particular price, enter that amount in the
{guilabel}Cost field. Otherwise, leave the {guilabel}Cost set to 0.00, and employees will
report the actual cost when submitting an expense report.
:::{note}
The {guilabel}Cost field is always visible on the expense category form, but the
{guilabel}Sales Price field is only visible if the {guilabel}Sales Price is selected under
the {guilabel}Re-Invoice Expenses section. Otherwise, the {guilabel}Sales Price field is
hidden.
:::
.. example::
Here are some examples for when to set a specific :guilabel:`Cost` on a product vs. leaving the
:guilabel:`Cost` at `0.00`:
- **Meals**: set the :guilabel:`Cost` to `0.00`. When an employee logs an expense for a meal,
they enter the actual amount of the bill and will be reimbursed for that amount. An expense for
a meal costing $95.23 would equal a reimbursement for $95.23.
- **Mileage**: set the :guilabel:`Cost` to `0.30`. When an employee logs an expense for
"mileage", they enter the number of miles driven in the :guilabel:`Quantity` field, and are
reimbursed 0.30 per mile they entered. An expense for 100 miles would equal a reimbursement for
$30.00.
- **Monthly Parking**: set the :guilabel:`Cost` to `75.00`. When an employee logs an expense for
"monthly parking", the reimbursement would be for $75.00.
- **Expenses**: set the :guilabel:`Cost` to `0.00`. When an employee logs an expense that is not
a meal, mileage, or monthly parking, they use the generic :guilabel:`Expenses` product. An
expense for a laptop costing $350.00 would be logged as an :guilabel:`Expenses` product, and
the reimbursement would be for $350.00.
Select an {guilabel}Expense Account if using the Odoo Accounting app. It is recommended to check
with the accounting department to determine the correct account to reference in this field as it
will affect reports.
Set a tax on each product in the {guilabel}Vendor Taxes and {guilabel}Customer Taxes fields, if
applicable. It is considered good practice to use a tax that is configured with {ref}Tax Included in Price <taxes/included-in-price>. Taxes will be automatically configured if this is set.
:::{seealso}
- {doc}
expenses/log_expenses - {doc}
expenses/expense_reports - {doc}
expenses/approve_expenses - {doc}
expenses/post_expenses - {doc}
expenses/reimburse - {doc}
expenses/reinvoice_expenses:::
:titlesonly: true
expenses/log_expenses
expenses/expense_reports
expenses/approve_expenses
expenses/post_expenses
expenses/reimburse
expenses/reinvoice_expenses