Expense Entry

Primary Document Details

1. Party Type: Select Customer, Vendor, or Member from the drop-down for whom the expense entry is being created.

2. Party Name: Choose the name of the party based on the selected Party Type (Customer, Vendor, or Member).

3. Document Series: Select the appropriate document series for generating an automatic document number for the expense entry.

4. Posting Date: Enter the date on which the expense will be posted in the system for accounting purposes.

5. Title: Optionally, provide a title for the expense entry.

Accounting Entries

1. Account: Select the appropriate account to which the expense will be added.

2. HSN Code: Enter the HSN Code related to the expense.

3. Price: Enter the total amount of the expense.

4. Discount: Enter the discount amount if applicable.

5. Discount Type: Specify if the discount is Fixed or Percentage (%) based.

6. Tax: Select the applicable tax percentage for the expense amount.

7. Description: Provide a description of the expense or any additional relevant information.