Create Expense

In Devize, you can efficiently track and manage your business expenses. An expense refers to any cost incurred by your business for its operations, such as rent, utilities, salaries, or office supplies. Keeping a record of expenses helps in budgeting, financial analysis, and tax reporting.

Create an Expense

Follow these steps to log an expense in the system:

Navigate to the Expenses Page: From the left sidebar, select Expenses to redirect to the expense list page.
Add a New Expense: Click the Add button to log a new expense.
Enter Expense Details: Select a Product from the available list. Choose a Vendor from existing records or add a new one. Set tax and additional options based on your needs.
Save the Expense: Once all details are entered, click the Save button to store the expense record.

Name	Description
Expense #	A unique identifier for the expense entry.
Date Issued	The date when the expense was recorded.
Date Due	The due date for the expense payment.
Vendor	The supplier or vendor to whom the expense is paid.
Source Of Supply	The location from where the supply originates, affecting tax calculations.
Destination Of Supply	The final location where goods or services are received.
Payment Term	Defines the payment schedule, such as Immediate, 15 days, 30 days, or Custom.
Discount Account	The account where any discounts on the expense are recorded.
Product/Service	The item or service for which the expense is recorded.
Cost	The price of a single unit of the selected product or service.
Quantity	The number of units of the product or service in the expense.
Tax	The applicable tax percentage for the expense.
Discount	Any discount applied to the expense amount.
Total	The final payable amount after applying tax and discounts.
Account	The financial account under which the expense is categorized.
Description	Additional details or notes about the expense.