13 GUIDES
Cash, bank & expenses
Record receipts, payments, transfers and business expenses.
Add a bank account with its starting balanceCreate a separate bank account so receipts and payments go to the right place.Receive a customer payment in cashRecord money received against a party’s balance.Record a customer receipt into a bankChoose the actual bank that received the money.Pay a supplier from cash or bankReduce the supplier balance using the account that actually paid.Transfer money between cash and bank accountsRecord a deposit, withdrawal or movement between your own money accounts.Correct a receipt, payment or transferUpdate a directly entered money movement from its activity row.Reverse a wrongly recorded money movementUndo a receipt, payment or transfer while retaining the original history.Understand payments, invoice balances and advancesCheck how a receipt or payment relates to outstanding invoices.Record an advance paid to a supplierRecord real money paid before the matching purchase is entered.Record rent, repair or another operating expenseRecord a paid business expense under the right category and payment account.Create or rename an expense categoryOrganize recurring costs without creating duplicate categories.Correct or reverse a paid expenseUse the underlying money transaction to fix an incorrectly recorded payment.Check your cash balance at the end of the dayCompare recorded cash movements with the cash actually counted.
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