Expense Report

The Expense Report feature in WP Ever Accounting provides a detailed overview of your business expenses. It allows you to analyze expense trends, understand average expenditures, and view categorized expense details. Here’s a step-by-step guide to using the Expense Report.

How to Access the Expense Report

  • Navigate to the Reports Section: Go to the WP Ever Accounting dashboard. Select Reports from the main menu.
  • Choose the Expense Report: Under the Reports section, click on Expense. The Expense Report dashboard will load and display key metrics and visual data.

Expense Report Features

Chart Visualization

  • A graphical chart displays expense trends over time.
  • The chart helps identify periods with higher or lower expenses.

Key Metrics

  • Total Expense: The cumulative amount of expenses for the selected year.
  • Monthly Average: The average amount spent per month.
  • Daily Average: The average daily expenditure.

Payments by Month Table

  • This table categorizes expenses by month and type.
  • Each row provides a breakdown of expenses.
  • Each column represents the expense data for a specific month.

Select Year

The report updates dynamically based on the selected year.

Use the Select Year Option and Submit button to view expenses for a specific year.

expense report
Each of the sections shows graphs that are effective for displaying and summarizing financial data. Below the graph, each section yields categorical reports on a monthly basis.