Setup Expenses

Navigation: From the Setup Entry menu, select the Expenses button. This button will only appear if you are not using an integrated accounting software, and it replaces the General Ledger Setup button.

If you are not using an integrated accounting software, you will need to set up a list of expenses that will be used when you create Vendor Bills and Paid-Outs. You can use as many or as few expenses as you like. It is recommended that you only use one Expense for your Inventory, because your inventory costs are already broken down by Item Groups in the Daily Report.

Since you are not using the General Ledger or the Checkbook, you may choose to not enter Vendors for your rent, utilities or other bills that are not paid on account. So the list would just include items you would purchase on account, and expenses for money taken from the cash drawer.

A Short List of Common Expenses

• Inventory
• Gasoline
• Vehicle Maintenance
• Food
• Office Supplies