Expenses: Complete Guide

The Expense module records money your business spends outside normal inventory purchasing. Complete expense records make cash activity easier to explain and provide the operating-cost information needed for meaningful financial reports.

In this book

• Create payees and expense categories.
• Record an expense with its date, payment method, amount, and funding source.
• Add references, descriptions, receipts, and attachments.
• Search and review expense history.
• Understand how expenses contribute to net Profit & Loss reporting.

Record expenses consistently and attach source documents whenever possible.