How do I add an expense?¶

Step 1. Go to Business in the sidebar and click the Expenses tab (it shows a count, e.g. "Expenses (42)").

Step 2. Click + Add Expense (top right). The Add Expense panel slides open from the right.

Step 3. Choose a Category (for example, Office Supplies, Rent or Travel).

Step 4. Set the Date (it defaults to today).

Step 5. Enter the Amount. Enter it as a negative number for a normal expense (for example, -500), or a positive number for a refund or credit.

Step 6. Choose the GST Treatment — Includes GST, GST Free, or No GST (Input Taxed). With Includes GST, the GST Amount is worked out for you from the amount and shown below — it updates automatically and can't be edited directly.

Step 7. Optionally add a Description, link a Contact (the supplier), and choose the Settlement Account (the account the money came out of — defaults to Cash at Bank).

Step 8. Tick Not deductible for tax if this expense can't be claimed.

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

Tip: if you choose a supplier that has no ABN on file, myaccountant shows a reminder to check their ABN — worth confirming before you save.

Related guides¶

• How do I record income?
• How do I add a payment?
• What is the Chart of Accounts?