Welcome to accounting part 3. Expenses.
Having a way to easily update expenses and add receipts is critical come tax time.
Having your expenses overviews helps you keep track of the money youโre putting into your business.
From the Expenses page in your accounting suite, you can easily do this from your computer or mobile device.
To add an expense, click the ADD expense button at the top of your expense page.
From here add the date, expenses amount, item type (which can be selected or typed in to add to your list), upload a receipt (or take a photo if on your mobile device), and add reoccurring type if you want the expenses to automatically add on a reoccurring basis.
Add any notes and click save.
Done.
Now you can see all your expenses at-a-glance, review or upload additional receipts, and filter through them with helpful overviews at the top.
By tracking your expenses here, you can see them in your profit and loss, as well as your analytics summaries.
Now we can move on to the final accounting video. Profit & Loss