Transactions

With the transactions feature, you can create income and expenses and import bank records into Akaunting.

Creating a New Income

• Go to Banking on the Navigation Menu

• Select Transactions from the dropdown options.
• On the Transactions page, click New Income.
• Enter the required details – Date, Payment method, Account, Amount, Category, and Transaction number.

• Then, Save.

Creating a New Expense

• Go to Banking on the Navigation Menu
• Select Transactions from the dropdown options.
• On the Transactions page, click New Expense.
• Enter the required details – Date, Payment method, Account, Amount, Category, and Transaction number.
• Then, Save.

Connecting Transactions to Invoices or Bills

When you create an Income or Expenses in Transactions, you can connect them to Invoices or Bills.

You need first to create an invoice with the same transaction amount you want to connect.

Check out how to create an invoice.

• From the Transactions page, Select a Transaction without an Invoice or Bill.

You can also hover over the Transaction and click on the three dots to reveal the Connect option.

• Click the three dots on the Transaction Details page at the top right corner.
• Select Connect from the dropdown options.
• From the pop-up window, Select the matching invoice/expense.

• Then, Save.

For a Transaction in which you received a partial invoice payment, you could enter the part payment amount to split the transaction.