# Expenses

Written by Yujia Zheng  
January 30, 2021

The financials page also features an **Expenses** section which consists of three type **Expenses**, **Commission**, and **Shared Expenses**. To add a new expense select **New Expense** > the desired expense type.

Below is a breakdown of each expense type:

**3\. A. Expense**  
This option allows you to **choose one of the existing expense types**, or you can **create a custom expense** type. Any expenses added to a work will reflect in the breakdown chart under **Expenses Overview.**

**How to add an expense:**

1. Select **New Expense** > **Expense**.
2. Under **Expense Type**, select the **dropdown**, then select the **desired expense type**.
3. Enter the **Amount**, **Paid By**, **Payee**, **Date**, **Notes** where applicable.
4. Select **Save**.

**3\. B Commission**  
Commission can be added as an expense if part of the sale of the artwork goes into paying a salesperson.

**How to add commission:**

1. Select **New Expense** > **Commission**.
2. Under **Commission Type**, select the **drop-down** to choose how to calculate commission. You can enter a **fixed amount or calculate it as a percentage of sales**.
3. Enter the **Amount**, **Payee**, **Attachments** and **Notes** where applicable.
4. You have the option to check the **For Internal Records Only checkbox**. Checking this option **will not display the commission in the Expense Chart** in the Expenses Overview section.
5. You also have the option to check the **Hide Commission From Others** checkboxes. Checking this option will **hide the expense from others in your organization** - only you will be able to see it.
6. Select **Save.**

**3\. C. Shared Expense**  
You have the option to share expenses with a **Gallery**, **Third-Party**, or **Consigned In Party**. Here are the steps to do so:

1. Select **New Expense** > **Shared Expense**.
2. Under **Expense Type**, select the **dropdown**, then select the **desired expense type**.
3. Enter the **Amount**, **Paid By**, **Payee**, **Date**, **Notes** where applicable.
4. Select **Next**.

5. You will then be directed to a page to split the expense between both Parties. To select the type of each Party, select the **drop-downs under Party 1 and Party 2**.

6. Enter the **Expense Cost** as a fixed amount or a **Party Percentage** to be automatically calculated. The amounts of the other party will be automatically calculated accordingly.
7. Select **Save**.