In this section, we will discuss how an expense can be created. Whenever you buy or purchase something for your inventory, you need to use this feature of the Accounting system.
To create an expense transaction,navigate to WP Admin Dashboard→WP ERP→Accounting→Transactions→Expense.
Now, Click on “New Transaction”.Select “Create Expense” from the drop-down menu.
Now, choose the vendor that you are going to pay for the purchase(Pay to), choose the payment method, choose the account you are going to pay from (Transaction From).
You can choose a different type of expense items by clicking the “Add Line” button.
Then hit “Save” and your expense is created.
Then you will be able to see your expense on the dashboard .
You can view the expense history by clicking on the voucher number on left hand side of the transactions.
You will get a page like this.
If you click on the Three vertically aligned dotts on the right side of the transaction, you will see an option called “Void”.If you click that button, then that transaction will become void. That means, that the selected transaction will be disabled.
After clicking the ‘dots’, you will see a option “void”.