diff --git a/discover_jenkins/settings.py b/discover_jenkins/settings.py
index 942569b..64f3181 100644
--- a/discover_jenkins/settings.py
+++ b/discover_jenkins/settings.py
@@ -12,8 +12,7 @@ PROJECT_APPS = getattr(settings, 'TEST_PROJECT_APPS', ())
 COVERAGE_WITH_MIGRATIONS = getattr(settings, 'TEST_COVERAGE_WITH_MIGRATIONS', False)
 COVERAGE_REPORT_HTML_DIR = getattr(settings, 'TEST_COVERAGE_REPORT_HTML_DIR', '')
 COVERAGE_MEASURE_BRANCH = getattr(settings, 'TEST_COVERAGE_MEASURE_BRANCH', True)
-COVERAGE_EXCLUDES = getattr(settings, 'TEST_COVERAGE_EXCLUDES', [])
-COVERAGE_EXCLUDES_FOLDERS = getattr(settings, 'TEST_COVERAGE_EXCLUDES_FOLDERS', [])
+COVERAGE_EXCLUDE_PATHS = getattr(settings, 'TEST_COVERAGE_EXCLUDE_PATHS', [])
 COVERAGE_RCFILE = getattr(settings, 'TEST_COVERAGE_RCFILE', 'coverage.rc')
 
 JSHINT_CHECKED_FILES = getattr(settings, 'TEST_JSHINT_CHECKED_FILES', None)
diff --git a/discover_jenkins/tasks/with_coverage.py b/discover_jenkins/tasks/with_coverage.py
index 0fdcf79..2fd8b40 100755
--- a/discover_jenkins/tasks/with_coverage.py
+++ b/discover_jenkins/tasks/with_coverage.py
@@ -49,9 +49,9 @@ class CoverageTask(object):
         make_option(
             "--coverage-exclude",
             action="append",
-            default=settings.COVERAGE_EXCLUDES,
+            default=settings.COVERAGE_EXCLUDE_PATHS,
             dest="coverage_excludes",
-            help="Module name to exclude"
+            help="Paths to be excluded from coverage"
         )
     )
 
@@ -61,21 +61,7 @@ class CoverageTask(object):
         self.html_dir = options['coverage_html_report_dir']
         self.branch = options['coverage_measure_branch']
 
-        self.exclude_locations = []
-        modnames = options['coverage_excludes']
-        for modname in modnames:
-            try:
-                self.exclude_locations.append(
-                    os.path.dirname(
-                        import_module(modname).__file__
-                    )
-                )
-            except ImportError:
-                pass
-
-        # Extra folders to exclude. Particularly useful to specify things like
-        # apps/company/migrations/*
-        self.exclude_locations.extend(settings.COVERAGE_EXCLUDES_FOLDERS)
+        self.exclude_locations = options['coverage_excludes'] or None
 
         self.coverage = coverage(
             branch=self.branch,
@@ -89,24 +75,27 @@ class CoverageTask(object):
 
     def teardown_test_environment(self, **kwargs):
         self.coverage.stop()
+        self.coverage._harvest_data()
 
         morfs = [filename for filename in self.coverage.data.measured_files()
                  if self.want_file(filename)]
 
         if not os.path.exists(self.output_dir):
             os.makedirs(self.output_dir)
-        self.coverage.xml_report(morfs=morfs,
-                                 outfile=os.path.join(
-                                        self.output_dir, 'coverage.xml'))
+
+        self.coverage.xml_report(
+            morfs=morfs,
+            outfile=os.path.join(self.output_dir, 'coverage.xml')
+        )
 
         if self.html_dir:
-            self.coverage.html_report(morfs=morfs, directory=self.html_dir)
+            self.coverage.html_report(
+                morfs=morfs,
+                directory=self.html_dir
+            )
 
     def want_file(self, filename):
         if not self.with_migrations and '/migrations/' in filename:
             return False
-        for location in self.exclude_locations:
-            if filename.startswith(location):
-                return False
 
         return True
diff --git a/docs/tasks.rst b/docs/tasks.rst
index 0a681fd..df67d44 100644
--- a/docs/tasks.rst
+++ b/docs/tasks.rst
@@ -39,25 +39,19 @@ Settings
 
     TEST_COVERAGE_MEASURE_BRANCH = True
 
-* ``TEST_COVERAGE_EXCLUDES``
+* ``TEST_COVERAGE_EXCLUDE_PATHS``
 
-  Module names to exclude.
+  File paths to exclude. Can be myapp/admin.py or myapp/management/*
 
   Default value::
 
-    TEST_COVERAGE_EXCLUDES = []
-
-* ``TEST_COVERAGE_EXCLUDES_FOLDERS``
-
-  Extra folders to exclude.
-
-  Default value::
-
-    TEST_COVERAGE_EXCLUDES_FOLDERS = []
+    TEST_COVERAGE_EXCLUDE_PATHS = []
 
 * ``TEST_COVERAGE_RCFILE``
 
-  Specify configuration file.
+  Specify configuration file. Please note if you set the ``TEST_COVERAGE_EXCLUDE_PATHS``
+  setting, coverage will ignore your coverage.rc file. So if you want to customize
+  coverage settings only use this file and not the other settings.
 
   Default value::