NOTE

Transactions are records about all income and expenses of your business. For example, sales from POS or payments to suppliers or transfers between company accounts and so on.

How to add transaction records?

There are two ways to insert transaction records into the system.

1. Manual addition
2. Import data

For Manual addition,

1. You may proceed to Accounting > Transactions located at the side menu.

2. Add new transaction record by clicking on one of the three buttons on top: 

- New Income
- New Expense
- Transfer Money - transfer money between company accounts

3. Fill in the necessary details for the transaction record. (Tax settings will be elaborated at the end of this tutorial)

4. Click on Submit or Update to save changes.

5. To edit existing transaction record, click on the Action button and click Edit.

6. To view details of the transaction record, click on the Action button and click Details.

For Import data,

You may refer to this link for step by step tutorial to import transactions data into the system.

Tax settings for transaction record

For every transaction record, you may apply one or more taxes onto it (optional, depending on your needs). To apply the tax, just check the checkbox of the selected tax. To learn how to create these tax options, please refer to this tutorial.

For every applied tax, you may also choose to exempt it (optional, depending on your needs) by checking the checkbox.

For every exempted tax, you are required to provide reasons on why the tax is being exempted (required by MyInvois Portal).