How do I record an expense?
ForLandlordsProperty managers
Who can do this
Landlord; Organization users with Create Transactions.
Where to find it
Accounting → Add transaction → Expense.
Steps
- Skip or use Start from a document.
- How much was it?: Amount (the total paid) and GST / HST included in it.
- What was it for?: property or unit (optional) and Category (for example Plumbing, Insurance, Property Taxes, Utilities).
- Organizations only, Who pays for this?: choose Me for your own cost (see the next articles for The owner and Split it).
- Who was paid, and how?: Payer/Payee, Payment Method, Date.
- Anything else? (optional): Description, recurring.
- Click Add transaction.
What happens next
Expenses and Net income on Overview change by the amount without tax. The GST/HST goes to GST/HST receivable (account 1300) as an input tax credit.
Troubleshooting
"GST/HST can't be more than the amount": the tax is larger than the total.
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