Efficiently managing expenses is vital for maintaining financial stability and fostering growth in today’s dynamic business environment. That’s where the Expense Sub-Module proves invaluable. Specifically designed to aid businesses in tracking, analyzing, and optimizing their expenses, it encompasses a wide array of comprehensive features that streamline the entirety of the expense management process. The Expense Sub-Module offers various predefined categories, such as groceries, shopping, housing, transportation, operational costs, payroll expenses, insurance, and taxation, ensuring comprehensive coverage and effective expense organization.

Creating Expenses:

• Navigate to Finance
• Select Expense
• Click the Add Expense

Basic Information:

• Enter Expense Name
• Select Category
• Enter sub-category
• Enter date

• Expense No. auto-generated
• Select Payer
• Select the Payee
• Select the Currency
• Select associated Account
• Enter Amount
• Select Status: “Created”, “Credit Expense” or “Paid”
• Assign the Expense
• Upload Receipt (if applicable)
• Save the entry.