Here you are adding your Direct Expenses ledger to Munim.
After doing this, you are able to manage your direct expenses.
Create Direct Expenses account:
- Go to the Account module in the left sidebar.
- Click on the Create account button or press Alt+N key
- Select Direct Expenses account on the Under group ledger drop-down list.
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Field Information for Direct Expenses ledger:
| Field | Description | Note |
|---|---|---|
| Under group | Here select the Direct Expenses account. | |
| Account name | Here write your account name. | Mandatory field |
| Short name | Here write your account short name. | |
| Description | Here write your account description. | |
| HSN/SAC | Here write HSN/SAC code for your ledger. | |
| Item type | Here select your account item type, Product, or Service. | |
| GST Rate (%) | Here select GST Rate for your ledger. | |
| Nature of transaction | Here select the Nature of transaction for your ledger. | |
| TDS section | Here select TDS rules for your ledger. | |
| Is Active? | Here if you select “Yes” then this account is shown in all modules and if you select “No” then this account is not shown in all modules. |
