Bizplan provides a flexible way to plan for recurring, one-time, and linked expenses, helping you build a solid financial model. Expenses are organized into groups, but each expense item can have a different Expense Type applied. New groups are automatically color-coded for easy identification.
Creating a New Expense Group
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When the Expenses page loads for the first time, a new Expense Group will automatically be created. Alternatively, click the Add Group button in the top right to create a new one.
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Enter a title for your expense group and a title for your first expense line under that group.
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Choose an Expense Type for your expense line.
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You may select between:
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A dollar amount
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A percentage of another expense line or revenue stream
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For dollar amount expenses:
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Choose a frequency as as a one-time (once) or recurring (daily, weekly, monthly, or yearly) expense.
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Use the Variation field to increase or decrease the expense over time. By default, the value increases by a percentage. To decrease the expense, click the [+] icon to toggle to a negative amount.
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Add more expenses to the group by clicking the Add Expense link at the bottom of the list.
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Click the Save button to save the new expense group.
Deleting an Expense Group
Note: This action cannot be undone.
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Expand the group you wish to delete.
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Click the Delete button at the bottom of the group.
Deleting an Expense Item
Note: This action cannot be undone.
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Expand the group that contains the expense item.
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Hover your mouse cursor over the expense line you wish to delete.
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Click the bin icon on the right side of the expense line to remove it permanently.
By following these steps, you can efficiently manage expenses and ensure accurate financial planning in Bizplan.