Expense Ledger - Overview

TABLE OF CONTENTS

• Expense Ledger - Overview
• How to add Manual Payment in Expense Ledger?

Expense Ledger - Overview

An expense ledger keeps a detailed record of all the expenses incurred by a business or a person. These expenses include all your expenditures necessary to keep the business operational.

How to add Manual Payment in Expense Ledger?

In Asaan Retail, apart from keeping a record of payments or refunds for the purchase orders against each Expense, you can also add manual payments (in-flow or out-flow) for each Expense.

To add payments manually in Asaan Retail’s Expense ledger:

Step 1: Log in to your Asaan Retail account

Step 2: Hover your cursor to the left panel and click on the Financials tab. Then, click on the Expense option.

Step 3: In the new window, click on the “+ Add Expense” button at the top right corner of the window.

Step 4: In the pop-up window, add relevant details like:

• Payee Type - (Choose from Customer, Supplier, or Employee)
• Payee - (Name of the Payee who is the main consumer of the expense you going to create)
• Reference Number - Optional
• Payment Mode - (Choose from cash, online, cheque, or card)
• Category - (Expense Category)
• Amount Paid - (Expense net amount)
• Description - (To describe the reason or nature of the expense)
• Transaction Date
• Receipt - (receipt or invoice of the expense if available)

For instance, if you want to pay a particular employee for his salary amounting to 20,000 PKR, you can enter details like:

Step 5: Click on the “Save” button below to create an Expense.

Your expense will be created and appear in the Expenses profile as: