Transaction feature allows you to record, adjust, and audit the cashflow of all your payment accounts. You can also record uncomplicated transactions here such as,

  • Miscellaneous non-operating revenues and expenses. 
  • Simple income transactions without customers/products. 
  • Simple expense transactions without receipts/vendors. 


Warning:

All revenues or expenses recorded as simple transactions  will not be displayed in your tax report as they cannot be supported by documentary proof. 


Hint:
You might want to customize your chart of accounts before recording transactions. Please read: 
How to manage chart of accounts?


Manage transactions

Manage your transactions in Accounting > Transactions . With toolbar on the right-top corner, you can click "Add" to create a new income or expense.


 


Also, you can use filters to focus on transactions during specific periods or under a certain payment account.


 



Add an income transaction

  1. Click "Add", choose "Income." An editor window will appear.
  2. Specify transaction date. 
  3. Fill in a description to describe this transaction 
  4. Select a revenue account to categorize this income transaction. 
  5. Select a payment account with which the company receives the revenue.
  6. Fill in the amount. 

 


Add an expense transaction

  1. Click "Add", choose "expense". Similar an editor window will appear.
  2. Specify transaction date. 
  3. Fill in a description to describe this transaction 
  4. Select an expense account to categorize this expense transaction. 
  5. Select a payment account with which the company pays. 
  6. Fill in the amount. 

 



Two transactions are added into your transaction list, which you can observe in the transaction list page.

You can "Edit", "Delete", even "Split" the transaction in its action menu.