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.