There are several ways to track costs within the platform. This gives the greatest flexibility to view and tracks costs as needed. Here is the definition of each:

Expenses

These are the expenses you have paid from your invoices. This comes in from automation from your ERP and/or from your manual expense report uploads.

Yearly Costs

This is a contract field that is available by default. This should denote the actual amount of money you plan to spend for the given year. This can be different than the contract amount because a contract can be more than a year and also because there can be add on costs throughout the contract.

Contract Value

This is another contract field that is available by default. This should denote the amount of the contract it is attached to.