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Expense Categories

Expense categories are the child of expense types, and the grandchild of expense groups. We recommend that you use four expense categories:

• Rent: Use for all payable base rent (provided out-of-the-box).

  • Natural breakpoints in the Percentage Rent sub-module divide the Natural Rate by the total of all expense setups that use the Rent expense category.

  • Minimum Lease Obligation (Expense Forecast) - Calendar Year and Minimum Lease Obligation (Expense Forecast) - Fiscal Year reports include expenses that use the Rent expense category in their calculations.

  • Annual Base Rent, Aggregate Base Rent, and Monthly Base Rent pull expenses that use the Rent expense category into their calculations.

• Lease Payment: Use for equipment payments (provided out-of-the-box).

• Expense: For everything payable that is NOT rent (configured by your organization).

• Income: For income (configured by your organization).