How To Record Expenses.

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

Here's to Record Expenses

Step 1: Log in to Simplebks

Open your internet browser and go to www.simplebks.com.

Log in to your Simplebks account to access your dashboard.

Step 2: Record an Expense

On your dashboard, find and click on "Expenses" in the menu.

Once in the Expenses section, click on "Expenses" again.

Step 3: Fill in Expense Details

Enter the date when the expense occurred.

Describe the expense briefly.

Choose "Money out" for the type (indicating an outgoing payment).

Select the category that best fits the expense type.

Step 4: Specify Direct or Prepaid

Indicate whether the expense was direct or prepaid.

Step 5: Choose Expense Category

From the provided list, pick the specific expense category relevant to your transaction.

Step 6: Enter the Amount and Payment Details

Input the amount spent.

Choose the account from which the money was paid (cash or bank).

Provide the name of the vendor (the person or company you paid). If it's a new vendor, click on "Create New Vendor."

Step 7: Attach Receipt or Proof

Upload a receipt or proof of payment by clicking on "Choose a file" and selecting the file from your device.

Step 8: Finalize the Transaction

Confirm and complete the process by clicking on "Create Transaction."

Step 9: Create a New Vendor (If Needed)

If the vendor is new, enter their First Name, Last Name, Phone Number, and Email.

Click "Submit" if no additional information is available.

Step 10: Confirm Vendor Creation

The new vendor entity will be successfully created.

Step 11: Additional Information - Creating Bank Accounts or Payment Channels

To create a new bank account or payment channel, go to "Account Settings" and then "Payment Type."

Congratulations! You've successfully recorded your expenses.