Expenses & Payables
Expenses Overview
Expenses (payables) are the money you spend — repairs, utilities, insurance, supplies. Recording them keeps your Income Statement and cash picture accurate.
Record an expense
- Go to Expenses → Add Expense.
- Enter the date, amount, vendor, and a description.
- Choose the category — the expense account (e.g. 5000 Repairs) the expense posts to.
- Assign a property (or unit), or enter a custom property name — one is required.
- Optionally mark it paid now (recording the payment method) instead of leaving it as a bill to pay later.
- Save.
Tip
Assigning the right category and property is what makes the Income Statement by Property and Property Statement reports meaningful.
Bills you owe
Outstanding payables appear on the Unpaid Bills report so you can see what's due.
Categorize automatically
If expenses flow in through the bank feed, Rules can categorize them for you during reconciliation.
Related
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