Money in and out5 min read
Expenses and recurring bills
Expenses are the half of the ledger that runs every day. Recurring templates take the repetitive part off your hands.
Recording an expense
/expenses- Vendor
- Who you paid. Required, because an uncategorised payment to nobody is not a useful record.
- Amount and currency
- What went out.
- Account
- What it came from.
- Category
- How it is grouped in reports.
- Date
- When it happened, which is what reports bucket on.
- Attachment
- A receipt, kept with the entry.
Recurring bills
/expensesRent, subscriptions and retainers can be set up once as a template with a cadence: weekly, monthly, quarterly or annual. The app creates each entry when it falls due rather than making you re-key it.
Note: Stopping a recurring template stops future entries. Entries it already created stay in your records, because they really happened.
Tip: The exchange rate for a recurring entry is resolved when the entry is created, not when the template was. A template set up in January does not stamp January rates onto a December bill.