How to record other inflows/money coming into the business

updated 6 months ago

What is Inflow/money coming in?

Cash inflow is the money going into a business which could be from sales, investments, or financing. It is the opposite of cash outflow, which is the money leaving the business.

How to record Inflows/Money coming in on Simplebks?
1. Click on Add New
Transactions.

2. Select transaction Type> Outflow

3. From the drop-down, Choose "Other Fees" as the Transaction type

4. Enter the name of the customer in "Entity Name". Compulsory

5. Enter the Description.

6. Enter the Amount. The current Date is loaded by default but you can edit it.

7. Click on "Create Transaction" to submit.

8. Select the mode of payment > Cash or bank 

-If it is a bank payment, select the bank(Eco bank, Uba) and input the amount paid.

-If it is a cash payment< click on Cash, and input the amount paid.

9. Click on Add Transaction

10. Transaction Created Successfully.

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