How Do I Create an Expense?

Expenses are a part of every business. It is important to keep track of all your expenses for your business growth. Billed allows its users to create, edit, save and view different expenses. You can use several options to manage your expense details as per your business requirements.

We will cover the following points to guide your further:

  • How to Create an Expense?
  • Elements of an Expense

How to Create an Expense?

Following are some ways to create new expenses:

  • Click on the "Dashboard" from the left menu. Then, click the "New" button at the top-right corner and select the "Expense" option.
  • Click on "Expenses" from the left menu. Then, press the "New Expense" button at the top-right corner.
  • Go to the "Clients" section from the left menu, then press the "Create New" button and select the "Expense" option.

Elements of an Expense

The above-mentioned steps will take you to the "New Expense" page. Here, you have to fill in the following details:

  • Merchant: First of all, click on "Merchant" to add a new or pre-existing merchant.
  • Purpose: Now add the details about the purpose of this expense. 
  • Date: The date is today's date by default. Click on it to select a different date.
  • Expense Amount: Click to write the total expense amount.
  • Select Expense Category: Choose the most suitable expense category according to the nature of your expense.
  • Receipt Attachment: Click to upload an expense receipt to maintain the proper expense record.
  • Billable: Turn on the option in front of the text "Billable." Now, select an existing client to bill the expense
  • Markup: Turn on the "Markup" option to add markup at an expense. Now, add a percentage of markup.
  • Grand Total will Markup: If you add a markup, you will see a grand total with the markup at the bottom of the expense. 
  • Save: Finally, click the "Save" button to save an expense. You can view it from the "Expenses" section.

Sort By

Expenses can be sorted by category, merchant, date and total amount. 

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