Pleo now supports another level of spending allocation tracking with our advanced Tags feature. Tags has replaced Projects in Pleo.
If you are looking for a better way of organising and tracking your company spending, Tags offers a clear view of your expenses. By assigning an expense to a specific tag, you will be able to view and sort your expenses when running reports.
Admins can create tags in the Tags menu. Here's how it works:
- Go to Tags and hit Create tag group.
- If you run Pleo without an integrations to an accounting system you can set up a Manual entry tag group. This means you can create a list from scratch in Pleo and populate it either by writing the tags one by one in the cells of the list or by copying and pasting a list from a column in a spreadsheet.
- If you have set up an integration with Xero or e-conomic, you have the additional option of importing a list of tags from a Tracking category (Xero) or the Departments module (e-conomic), respectively. If you use Xero, you can set up two different Tag groups corresponding to the two possible Tracking categories in Xero. You can set up three tag groups in total.
That's it! Now employees will be able to tag expenses from the mobile app and you’ll be able to track expenses better.
When you download a CSV file, you’ll be able to see all expenses and their respective tags, allowing you to create better insights on spending patterns. If you have set up Xero or e-conomic and export directly into one of these accounting systems, Pleo will automatically match expenses to your Tracking categories or the Departments module in Xero or e-conomic, respectively.
You can also get a sense of tag costs by viewing the total sum of expenditures of any given tag in the Analytics page. Now you can benchmark between your tags and also get a handle on the impact of your budgeting.