create expenses
DESCRIPTION
TRANSCRIPT
This example shows how to record expenses into the system.
Prior to that we will create account code for utility expenses under Accounting Code Maintenance.
We will also show you how to add new client at the Create Expenses/Purchases template
Click the company
Select Company Maintenace
Select Accounting Code Maintenance
Click Select Account Code button
Click Add New Acc.Code under General Admin
Type Utility expenses for the new account code
Type Utility expenses for the new account code
andClick Create button
Close [X] the accounts code list
The new account code
Select Business Operation menu
(to record Expenses)
Select Expenses/Purchases
Select Create Expenses/Purchases
Click Select Client button
Click Add Client button to add new client
Fill in all related information and check
Vendor(example for expenses)
Fill in all related information and check Vendor
(the company or person can be Vendor, Client, Staff or/and Member depend on the business transaction
that you deal with)and
Click Submit button
Click OK button to update into the system
The new vendor appear in the box
Click Close [X]
Select date
Select date
Select Category of the transaction
Example, expenses paid by cash
so select Account code for Cash
Key in the Bank/Cash Reference
Key in description of the expenses
Key in description of the expenses
Key in item of the expenses,
Quantity, Price and select Account code
Key in item of the expenses,
Quantity, Price and select Account code
Key in item of the expenses,
Quantity, Price and select Account code
Key in item of the expenses,
Quantity, Price and select Account code
Key in item of the expenses,
Quantity, Price and select Account code
Select Utility expenses account code
Key in Term & Condition (if any)
Key in Term & Condition (if any)
Click Update button
Message pop up if any cash or bank accounts have insufficient
amount to pay.For the tutorial purposes, Click
OK button to proceed
Click OK update into the system
New Invoice No for expenses automatically
generated
New Payment Voucher (PV) No for
expenses automatically
generated
New Journal Voucher (JV) No for
expenses automatically
generated