Expense management or Expense Manager is another solution from the bucket of OpenERP Human resource management module. Expense Management is important for any organisations since there are many daily activities which occurs expenses and employees pay the charges on behalf of the company. Once the expenses are paid by the employees these expenses are further reimburse either on daily, weekly, Monthly basis.
There are many expenses which company occurs more frequently they are
- Car Expense
- Travelling allowances
- Petrol allowances
- Food expense
- Purchases of any stationery
- Clients billings
- Mobile bills payment and so on..
Expense are normally generated by employees depending upon the designations, we have seen these expense occur more from the sales management team since they normally travel and manage clients therefore management of expenses and payments quickly is another important part. Normally expenses are paid into certain period depending upon the company policies; sometime it might be paid weekly or monthly.
OpenERP Expenses management has a simple flow of approval of expenses, further the flow can be customised as per the requirements of the organisation. Expenses management module of OpenERP is integrated directly with the Accounting module so once the approval of expenses is completed accounting department can pay or reimburse the original amount to the employee.
Sometime there are expenses which occur for Project management also therefore these are integrated with analytical accounting. Let’s have our own example – when our resource implement OpenERP at clients place we often charge travelling allowance separately therefore it is easy in OpenERP to handle these kinds of suppliers expenses also.
OpenERP Expense management Module helps you to manage all your organisational and suppliers expenses on daily weekly or monthly basis. Expenses manager in OpenERP reduce the cost allowing increase in efficiency for travel food and other administrative expenses. Further the module is Open source and can be customised as per the workflows and approval processes.