TABLE OF CONTENTS
Expense Ledger - Overview
An expense ledger keeps a detailed record of all the expenses incurred by a business or a person. These expenses include all your expenditures necessary to keep the business operational.
How to add Manual Payment in Expense Ledger?
In Asaan Retail, apart from keeping a record of payments or refunds for the purchase orders against each Expense, you can also add manual payments (in-flow or out-flow) for each Expense.
To add payments manually in Asaan Retail’s Expense ledger:
Step 1: Log in to your Asaan Retail account
Step 2: Hover your cursor to the left panel and click on the Financials tab. Then, click on the Expense option.
Step 3: In the new window, click on the “+ Add Expense” button at the top right corner of the window.
Step 4: In the pop-up window, add relevant details like:
- Payee Type - (Choose from Customer, Supplier, or Employee)
- Payee - (Name of the Payee who is the main consumer of the expense you going to create)
- Reference Number - Optional
- Payment Mode - (Choose from cash, online, cheque, or card)
- Category - (Expense Category)
- Amount Paid - (Expense net amount)
- Description - (To describe the reason or nature of the expense)
- Transaction Date
- Receipt - (receipt or invoice of the expense if available)
For instance, if you want to pay a particular employee for his salary amounting to 20,000 PKR, you can enter details like:
Step 5: Click on the “Save” button below to create an Expense.
Your expense will be created and appear in the Expenses profile as:
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