Is there any provision in Manager to Book the Expenses e.g: utility bills, customs, courior charges, printing and stationary, office expense, etc and then make the payment (Spend Money) ?
We will have VAT in UAE starting from 1st Jan 2018.
So expenses have to be booked first with VAT payable and then payout.
Use purchase invoices to capture expenses.
Create the supplier’s name under suppliers.
So let say ABC supplies you electricity.
Create an expense account called ‘Electricity’
Create a supplier named ABC
When you get their invoice use purchase invoice to record (Has Vat capabilities)
It will debit the expense account in the income statement
And credit ABC under Account payable in the balance sheet.
Spend money and select account payable → ABC.
Enter amount there.
Very easy and basic, see the guides for more details please.
You can also just spend money in a bank or cash transaction, marking the line items with the appropriate tax code. That skips the step of creating the purchase invoice, which is really only needed when you purchase on credit. See these Guides, in particular:
https://guides.manager.io/7821
https://guides.manager.io/7325
https://guides.manager.io/8901