Copy URL

Expenses

This happens when a transaction that reduces the Net Value Asset occurs, and it includes any kind of purchasing activities for either goods or services. Lending money to a friend is not an expense as it only moves from “Cash on hand” to “Account Receivable”. Expenses literally mean spending money such as Food, Insurance, Entertainment and Transport expenses.


Related Terms

Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   Assets   Income   Beginning date/ Closing date   Accounts   Setting items   Items   Payment items   Field name (Name of an item)   Division of Items   Net Asset Value   Expenses   Liabilities   

Related FAQ

How should I categorize my Accounts?
I want to edit my monthly budget, regardless of my long-term goal.