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Expenses

Rent, electricity, fuel, repairs — money going out that is not a purchase of stock.

The Expenses screen in MCPOS.
The Expenses screen in MCPOS.

Steps

  1. Open it

    Finance → Expenses → New.

  2. Choose the category

    The category decides which account it is posted to, so choose it honestly.

  3. Enter amount and date

    And a note describing what it was for.

  4. Choose how it was paid

    Cash out of the drawer, or from a bank account.

  5. Attach the receipt

    Photograph it. Your accountant will ask.