You can record your Expenses throughout the year, then run the Expenses report by date for use in your Tax preparation. Often you do not need any other accounting software.
Tip: Record all expenses that you report on your taxes and use a consistent name for recurring expenses. You can Add, Edit and Delete Expenses from the Expense Report.
How Do I Add a New Expense?
Navigation: Reports > Expenses >+ Add Expenses
- Select "+ Add Expenses" from the sidebar menu.
- Select the date of the Expense.
- In "Details", enter a description of the Expense.
- In "Tax", enter the full amount you are able to claim as an Expense.
- In "Gross", enter the full amount of the payment.
- Click "Add Expense" at the top of the page to record the expense.
How Do I Edit or Delete an Expense on the Expense Report?
Navigation: Reports > Expenses > Show Expenses
- Click on the Blue Date of the Expense to Edit.
- Make Edits, click "Update" to save.
- OR Click "Delete" to remove the expense.
- Make Edits, click "Update" to save
- OR Click "Delete" to remove the expense.
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