How to account for expenses without using expense app

Question

In accounting how would you account for expenses that should go to a liability account to be paid out at some point. In accounting I seem to have to add the receipt or invoice as a vendor invoice then pay it from a bank act, in the past I would have paid these things from a liability account
I am trialing Odoo accounting and dont wish to go to extra apps, as I am a startup business.

Thoufeer · Answer

Hi,
You have the choice to handle expenses in two ways using standard modules without any customizations.
Handling Vendor Invoices: You have the ability to document vendor invoices with the vendor's name and the respective expense account.  *Vendor Bill*
*Account Name*  *Debit*
*Credit*
Expenses
5000

Account Payable - Vendor Name

5000
*Vendor Payment*
Account Name
Debit
Credit
Account Payable - Vendor Name
5000

Bank or Cash

5000
2. Through Journal Entries, you can input transactions directly

Account Name	Debit	Credit
Expenses	1000
Bank or Cash		1000

Related Posts	Odpovědi	Zobrazení
Unreconcile Customer Payment error? accounts customer payments	1 bře 15	5444
How to configure Website Payment for non-inventory items accounts payments website portal-user	1 úno 22	3451
Paybox Payment Acquirer accounting accounts paypal payments	0 led 16	38
Expense menu not appearing in Odoo Vyřešeno expenses	4 lis 25	443
Operacion No valida fecha limite y Viceversa accounts	4 srp 25	3295

This question has been flagged

Enjoying the discussion? Don't just read, join in!

Account Name	Debit	Credit
Account Payable - Vendor Name	5000
Bank or Cash		5000