Creating Billable Expenses

This article explains how to create billable expenses for your customers in Thulo Cloud, simplifying the process of tracking and invoicing for reimbursable costs.

Marking Expenses as Billable:

1. When creating a new expense, select the customer associated with the expense.

2. A new checkbox labeled "Billable" will appear.
   

3. Check the "Billable" checkbox to designate this expense as recoverable from your customer.

Benefits of Billable Expenses:

• Simplified Billing: Billable expenses automatically enable the "Convert to Invoice" option, streamlining the process of creating customer invoices for reimbursable costs.
• Accurate Currency Handling: When marking an expense as billable, Thulo Cloud automatically converts the amount to the customer's preferred currency (unless it matches your base currency).

Important Note:

• If a customer's preferred currency matches your base currency defined in Thulo Cloud, the expense amount will remain unchanged.

By effectively utilizing billable expenses in Thulo Cloud, you can streamline expense tracking, ensure accurate billing based on customer currency preferences, and improve overall financial management for your business.