Outside of major cost categories (product costs, transaction costs, handling costs, and shipping costs), the Custom costs tab can handle almost any other business expense you throw at it.
But as a few users pointed out, they're not quite optimized for capturing some of the nuances of personnel costs.
So to help you incorporate salaries, contractor payments, burden rates, and other personnel details into your P&L, we created a new Personnel tab in the Cost & expenses section of your account.
Below is a quick walkthrough of how to enter and track your personnel costs using the new features.
Items in your personnel costs table can be edited by clicking the pencil icon next to a worker's name or deleted by clicking the trash bin next to a name. You can quickly find any entries by using the search bar located above the table.
You can track all of your personnel costs in the new “Personnel” line item in the Operating Expenses section of your Income Statement.
👉 Note: The costs associated with a worker are averaged out across all days that they work. For example, if you pay a contract worker $4000/month, the Income Statement will average this across each day of the month as if you paid the worker a daily rate (about $130/day in this case).
Feel free to reach out to us email@example.com with any questions, comments, or ideas related to the new tab.
And if you have any ideas for other new features, we'd love to hear them on our feature request board!