How to add monthly operating expenses
In this guide: Add the recurring costs that the business must recover before it begins making profit.
Steps
- Open Settings > Daily Target & Light Setup.
- In Add monthly operating expenses, enter a clear expense name.
- Enter the normal monthly amount.
- Select Add Expense.
- Repeat for every recurring expense.
- Review the Monthly Expense List and total.
- Save the settings.
Common expenses
- Rent or mortgage
- Payroll and employer costs
- Utilities, internet, and phone
- Insurance
- Software and subscriptions
- Marketing and other recurring overhead
What not to do
Do not enter sales, inventory purchase costs, or the same expense twice. Use a reasonable monthly estimate for costs that change from month to month.
Why it matters
The total monthly expenses form the break-even portion of Daily Target. If expenses are too low or incomplete, the dashboard can show profit before the business has actually covered its costs.