hello every buddy,
I am new at manager.io and accunting lavel is begning. right now I start a small business and i am useing manager.io desktop so i enterd expens in expense claim Tab and creat new Tab in expense payer, in summery shown these expens in libility but not deduct from main cash account. so please some one tell me about how deail with expenses who paid emplye in his pockets…!
@Mufti_Talha, why do you think money paid by an employee should be deducted from the business’ account? The business has not yet paid anything. Funds will only be deducted from the business account when the business reimburses the expense claim payer. Until then, the claim is a liability, much like a purchase invoice for which you owe a supplier.