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Steps to add an expense


Step 1: To add an expense click on the add expense button in Purchases as shown in the screenshot below.

Add Expense Button



Step 2: Read through the options and choose appropriate type of expense and proceed. In our example, we are logging an expense incurred for seeking services.

Add Expense Operating



Step 3: A form would open-up to log an expense. Next, add details of your vendor. If it’s an existing vendor choose from the suggestion and if the vendor is new, please click on “add new vendor” button and add the details.

Add Expense vendor



Step 4: If the expense amount includes tax which can be claimed to reduce your net tax liability, in that case click on the “cog wheel” icon to provide details.

Add Expense Settings



Step 5: You will see a pop-up asking you details of the tax amount included in the expense. Please provide both tax name and the amount. Please note, it’s not the percentage, put absolute amount of tax you paid.

Add Expense Tax Settings



Step 6: After providing the required information, click on ‘Save & Log payment’ options, if you like to add the payment details against the expense. You will also see option to “save & add new expense” and another option to “save & exit”, if you just want to save the expense.

Add Expense Save



Step 7: After clicking on “Save & Log Payment” payment page will open. On the payments page, select the payment mode from the drop down.

Add Payment Modes



Step 8: After providing the required information click on save & exit button to log the payment against the expense.

Add Payment Save



Step 9: After clicking on save & exit it will take you to the expense listing.

Expense List



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