Business expenses are tracked in Smart Shop using expense class.

An expense class is used to list out all the expenses that your business incurs. Examples of expense class include salaries, security fee, electricity, transportation, cleaning fee, generator repairs, laptop repair, and generator fuelling etc.

  • Click Expense Class from the menu > click on new expense class
  • Enter the name and description
  • Click Add to list
  • Repeat the process above if you have more than one expense class to create
  • Click  Save

 

After creating all your expense classes, you can then proceed to record all your incurred business expenses.

  • Click Expenses from the menu
  • Select the expense class and enter the amount of the expense
  • Enter description of the expense
  • Click Add to list
  • Repeat the process above if you have more than one expense  to record
  • Click on  Save

 

Visit our Youtube Channel – How to record expenses on Mat Smart Shop Mobile App