Expense

Expense 

Add Expense Page

Ø  Expense Category

Ø  Date (auto / editable)

Ø  Ledger (e.g., Profit & Loss Account)   

1.        This is the expense account

2.        Where the expense is recorded

3.        Example:

ü  Rent Expense

ü  Salary Expense

ü  Electricity Expense

4.        Accounting: Debit (Dr) → Expense Ledger

Ø  Expense Payable Ledger

1.        This is how you pay the expense

2.        Cash / Bank / Credit

3.        Example:

ü  Cash

ü  Bank

ü  Supplier (if not paid yet)

4.        Accounting: Credit (Cr) → Cash / Bank / Payable

Ø  Tax Ledger

1.  This is the tax part of expense
2.  Input tax (you can claim)
3.  Example:

ü  VAT @ 5%

ü  GST Input

4.  Accounting: Debit (Dr) → Tax Ledger

Step 4: Enter Amount

Ø  Total Amount

Step 5: Tax Calculation

Ø  Total Before Tax

Ø  Tax

Ø  Final Total Amount

Step 6: Attach Document (Optional)

Ø  Upload bill / receipt file

Step 7: Add Note (Optional)

Ø  Enter expense note

Step 8: Save Expense