Record an Expense

Yes, while adding an expense, you can either select an existing category or type a new category name to create one. Common categories include Rent, Electricity, Transport, Salary, Office Supplies, Packaging, Maintenance, and Marketing. Organizing expenses by category helps you analyze where most of your money goes.

A Purchase is buying inventory items that you will sell to customers (e.g., buying goods from a supplier). An Expense is a business cost that is not inventory (e.g., rent, electricity, salary, transport). Purchases increase your stock; expenses do not. Both reduce your profit, but they are tracked separately for accurate accounting.

Go to Accounting > Expense to see your expense list. Click on the expense entry you want to correct. You can edit the amount, category, date, or remarks, or delete the entry entirely. The change will be reflected in your Profit & Loss report automatically.

Yes, when recording an expense you can select the payment mode — Cash, Bank Transfer, UPI, or Cheque. This helps you track how expenses were paid and keeps your Cash & Bank records accurate.

Record the expense each month when you make the payment by going to Accounting > Expense and selecting the appropriate category (e.g., Rent). Over time, you can use the Expense List with date filters to review how much you spend on rent or any recurring cost each month.

Yes, your recorded expenses are organized by category. You can view category-wise spending in the Expense List and in your Profit & Loss report, helping you identify which costs — such as rent, electricity, or transport — are consuming the most money.