Understanding Expenses and Wages in TheBOS

Expenses 

Refers

to
• Expenses are journal entries collected from the chart of accounts in your accounting software.software Categorised(Xero). This means it maps directly to your P&L.
• You can categorise expenses in TennantTenant settings this=> featureCategorisations enables=> Expenses so that expenses can be broken down by category on Mega Report. 
• Expense Tracking Category in Xero maps to Org Node (Location) in The BOS
• This allows you to categoriseshow yourexpenses chartfor ofa accounts into meaningful categorieslocation to comparecertain tostaff company(EG: expectations.Practice ThisManagers) iswithout helpfulgiving when wanting to breakdown expenses that directly relates back to your accounting P&L's but wanting to give certainthem access to differentsee rolesexpenses infor theother business.locations Makingor useany of the tracking categories in xero we are ableaccess to linkXero thedirectly.
chart of account expenses to an org node level (think division breakdown). 

Limitations: Limitations

• This cannot be broken down into individual team members salaries andbecause thereforethey are Journal Entries not Payslips.
• Therefore cannot be linked to individual service or appointment expenses

ForSee example the Screenshotscreenshots 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

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 upmaps 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.