How do I add a payment?¶

A payment records money moving in or out that isn't ordinary sales income or a business expense — for example a transfer between accounts, money you put in or take out of the business, a loan repayment, or a tax payment.

Step 1. Go to Business in the sidebar and click the Payments tab.

Step 2. Click + Add Payment. The Add Payment panel slides open.

Step 3. Choose a Category (the account to record this against — you can pick a payment category or one of your asset, liability or equity accounts).

Step 4. Set the Date and enter the Amount (a positive number — the direction sets whether it's in or out).

Step 5. Choose the Direction — Money In or Money Out.

Step 6. Choose the From Account — the bank or cash account the money moved from or to.

Step 7. Optionally link a Contact and add a Description.

Step 8. Tick the tax box if it applies — this is Tax deductible for a Money Out payment, or Tax assessable for a Money In payment.

Step 9. Click Save. You'll see a "Payment added." confirmation and the panel closes.

Note: payments don't have a GST field — use Income or Expense instead when you need to record GST.

Related guides¶

• How do I record income?
• How do I add an expense?
• What is the Chart of Accounts?