Understanding Expenses and Wages in TheBOS

Expenses 

Refers to the chart of accounts in your accounting software. Categorised in Tennant settings this feature enables you to categorise your chart of accounts into meaningful categories to compare to company expectations. This is helpful when wanting to breakdown expenses that directly relates back to your accounting P&L's but wanting to give certain access to different roles in the business. Making use of the tracking categories in xero we are able to link the chart of account expenses to an org node level (think division breakdown). 

Limitations: 

• This cannot be broken down into individual team members salaries and therefore cannot be linked to individual service or appointment expenses

For example the Screenshot below 

Wage Expenses

Uses Practitioners' payslips and time sheets to calculate total wage expenses for a time period. If a source of pay can't be linked to an exact day, it is distributed across all work days. This won't have an impact if the report interval matches the pay run periods. This only includes employees that directly provide services. Includes Super Guarantee Contributions, includes allowances, and includes leave.

Please note: that this data will remain blank until payruns are posted as it relies on the information generated by timesheets and payruns

Wage Expense (Ex Leave)

Same as above but excludes leave.

Wage Expense as % of Revenue

Simply Wage expense divided by revenue items attributed to the same provider.

Service Expense

Service expense is the direct cost of the practitioners hourly rate attributed to that service. The BOS finds the treating practitioner for the services and looks up their ordinary hourly rate applying this to the service. 

Note: This ignores any un-utilised time an is only referring to the exact time needed to provide the service.