Expenses are found on the income
statement. Every Organigation will have different expenses based on their
operations. A basic example of an operating expenses formula is below:
Expenses = license fees + office expenses + legal fees + insurance + travel and vehicle expenses + salaries and wages + accounting expenses + maintenance and repairs + supplies + advertising + utilities + property taxes.
- Login as administrator.
- Choose finance, and go to the accounts menu.
- Click on expense.
- Now, click on add new expense.
- Enter all required fields.
- Click on add expense button.