Expense Categories

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

• (out-of-the-box) Rent — use for all payable base rent

  There are three pieces of functionality tied to the Rent option.

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

  • The 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.

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

• (out-of-the-box) Lease Payment — use for equipment payments

• (client-configured) Expense — use for everything payable that is NOT rent

• (client-configured) Income — use for income