How to record a direct expenses.

How to Record a Direct Expenses.

This is the money your business spends on its day-to-day operations. This includes things like rent, employee salaries, supplies, and more

Recording Expenses, Direct Expenses or Quick Expenses on Simplebks: A Step-by-Step Guide

Step 1: Log in to your Simplebks account at www.simplebks.com.

Step 2: Navigate to "Expenses" on the sidebar.

Step 3: Select "Quick Expenses."

Step 4: Input expense details:

• Date: Specify the date of the expense.

• Description: Provide a brief description of the expense.

• Type: Choose "Money Out" to indicate an outgoing payment.

• Category: Select "Expenses" to categorize the transaction.

Step 5: Choose the specific expense category:

• From the drop-down menu, select the appropriate expense category.

Step 6: Specify payment details:

• Account: Indicate whether the payment is in cash (cash given out) or through a bank (mention the specific bank, e.g., Ecobank).

• Vendor Name: Enter the name of the vendor

Step 7: Upload receipt:

• Click on "Choose a file" to upload the expense receipt.

• Click on "Upload receipt" to attach the file.

Step 8: Confirm the transaction:

• Click on "Create Transaction" to record the expense successfully.

Step 9: Verify the transaction:

• Receive confirmation that the expense transaction has been created successfully.

Step 10: Document the transaction:

• Click on "Print" to obtain a physical copy or download the receipt as a PDF.

By following these steps, you can accurately record and manage expenses in Simplebks, ensuring proper documentation and tracking of your financial transactions.