Expenses, other income and account transfers

Trade settlement, operating expenses and transfers between accounts are different transactions.

Steps

1. Use Other Expense Doc for costs such as rent or utilities, selecting the paying account and the appropriate expense/income item.
2. Use Other Income Doc for miscellaneous receipts with the receiving account and actual amount.
3. Use Bank Deposit/Withdrawal Doc for cash deposits or account transfers, selecting distinct source and destination accounts on each line.
4. After approval, reconcile account movements and income/expense reports. A transfer is not new sales revenue.
5. Create missing expense/income items under Data; distinguish specific items from their categories.