Creating an expense

Expense is one of the two purchase types in Akaunting and allows you to record payments. All expenses of your business are listed on the Transactions page.

You can add an Expense by clicking the New Expense button at the top of the Transactions page and filling out the required fields.

On the New Expense page, the following fields are displayed:

• Date: Enter a date for the transaction
• Payment method: Choose the payment method
• Account: Select the account
• Chart of Accounts: Select from your Chart of Account
• Amount: Enter the income amount
• Description: Give details of the transaction