Users would like to see how much their fixed expenses are every month, so they have a better understanding of how much they need to make to be profitable.
Users can add all of their fixed cost expenses into recurring plans in the expense section. We then added an average monthly fixed expense total at the bottom of the list. Users can enter expense plans based on number of days, weeks, or months, so we average the expenses based on 30 days in a month and 12 months in a year. So based on the plan we are calculating the monthly expense even if it was not paid in that month, or if was paid more than one time in the month.
1. Users could have an expense that is billed annually. One time every 12 months. The system will then divide by 12 and add it to the Average Monthly Fixed Expenses.
2. Users could have an expense that is billed weekly, but is always the same amount. The system will then take the expense times 4 and add it to the Average Monthly Fixed Expenses.