Expenses
Expenses
You can keep a register of all your expenses. Note that you can use manual journal entry to record expenses.
Expense Types
This helps you to categorize your expenses. To view a list of all your expense types, click Expenses menu then click Manage Expense Types.
Add Expense Type
To add new expense type , click on Expenses menu then click Manage Expense Types then click Add Type.
This will open the expense type create page offering a series of text inputs.
The form contains:
- Name: The name of the expense type
- Expense Account: An expense account that is debited when an expense is recorded
- Asset Account: An asset account that is credited when an expense is recorded
View Expenses
Clicking View Expenses will open expenses list page. On this page you will see a table with columns below:
- ID: The system id of the expense
- Expense Type: The expense type
- Amount: The cost amount of the expense
- Date: The date the expense was recorded
- Description: Any additional details.
- Action: Further actions that you can take on the row like edit or details
Add Expense
To add new expense , click on Expenses menu then click View Expenses then click Add Expense.
This will open the expense create page offering a series of text inputs.
The form contains:
- Branch: The branch of the expense
- Expense Type: The expense type
- Currency: The expense currency
- Amount: The cost amount of the expense
- Date: The date the expense was recorded
- Expense Account: An expense account that is debited when an expense is recorded
- Asset Account: An asset account that is credited when an expense is recorded
- Recurring: Whether the expense is recurring or not
- Recur Frequency: The frequency at which the expense recurs for the recurring type.
- Recur Type: The period of time which the recur frequency occurs.
- Recur Start Date: The date to which the recurring starts.
- Recur End Date: The date to which the recurring should stop.
- Description: Any additional details.
Expense Details
This page shows details about the expense