Overview
The Expense Report helps you track all business-related spending recorded in TELA.
Proper expense tracking is critical for understanding profitability and maintaining accurate financial records.
Why Tracking Expenses Is Important
If expenses are not recorded:
Income calculations become inaccurate
Profit margins are unclear
Financial planning becomes difficult
Accurate expense tracking gives you clarity and control.
How to Access the Expense Report
Log into your dashboard
Click Reports
Select Expense Report
Choose a date range
What the Expense Report Shows
Total Expenses
Displays the total amount spent during the selected period.
Categorized Expenses
Expenses may be grouped into categories such as:
Inventory purchases
Marketing
Logistics
Operational costs
Miscellaneous
Categorization helps you understand where your money is going.
Date Filters
You can select specific date ranges to analyze spending patterns.
This helps you:
Compare monthly expenses
Monitor seasonal increases
Identify unnecessary spending
Best Practices for Expense Management
Record expenses immediately after they occur
Categorize expenses correctly
Review your Expense Report monthly
Compare expenses against revenue
How Expenses Affect Income
Remember:
Income = Revenue − Expenses
If expenses increase while revenue stays the same, income decreases.
Monitoring the Expense Report ensures you maintain healthy profit margins.