Recurs

Recurs (recurring costs) allow you to model recurring expenses and income, such as salaries, software subscriptions, insurance, rent, and other regular payments. This provides a clear view of your monthly and annual burn rate.

Creating Recurs

To create a new recurring cost:

1. Navigate to the Recurs page
2. Click "Create Recur"
3. Fill in the details:
   • Name: Name for this recur (e.g., "Company Recur", "Project Alpha Recur")
   • Account: Starting balance or account value
   • Expenses: Add recurring expenses and income

Expenses

Each recur contains expenses that can be:

• Monthly: Recurring every month
• Annual: Recurring once per year
• Incoming: Income or revenue
• Outgoing: Expenses or costs

Examples of expenses:

• Monthly Outgoing: Salaries, rent, software subscriptions
• Annual Outgoing: Insurance, annual licenses, equipment maintenance
• Monthly Incoming: Recurring revenue, client payments
• Annual Incoming: Annual contracts, grants

Expense Properties

Each expense has:

• Name: Description of the expense
• Cost: Amount (positive number)
• Period: Monthly or Annual
• Direction: Incoming or Outgoing
• Category: Optional categorization for reporting

Burn Rate Calculation

Pilfer automatically calculates:

• Monthly Burn Rate: Net monthly change (incoming - outgoing, with annual expenses divided by 12)
• Annual Burn Rate: Net annual change (incoming - outgoing, with monthly expenses multiplied by 12)

This gives you a clear picture of how your recurring costs affect your financial position over time.

Scoping

Recurs can be scoped to:

• Company: Overall company burn rate
• Project: Project-specific burn rate

This allows you to model burn at different levels:

• See overall company financial health
• Understand project-specific financial impact
• Compare different scenarios

Labels and Projects

You can link recurs to:

• Labels: Tag expenses for additional organization
• Projects: Scope expenses to specific projects

This helps you filter and analyze expenses by category or project context.

Use Cases

Recurs are useful for:

• Monthly Burn Tracking: See how much you're spending each month
• Runway Calculation: Understand how long your funds will last
• Scenario Planning: Model different spending scenarios
• Project Budgeting: Track project-specific recurring costs
• Category Analysis: See where your money is going by category