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 ledger. | |
| Ledger name | Here write your ledger name. | Mandatory field |
| Short name | Here write your ledger short name. | |
| Description | Here write your ledger description. | |
| HSN/SAC | Here write HSN/SAC code for your ledger. | |
| GST Rate (%) | Here select GST Rate for your ledger. | |
| Nature of transaction | Here select the Nature of transaction for your ledger. | |
| Taxability | Here select Taxability for your ledger. | |
| TDS section | Here select TDS rules for your ledger. | |
| TDS (%) | In this field, automatic data(TDS %) arrive against your select the TDS section rule. | |
| TDS threshold limit | In this field, automatic data(TDS threshold limit) arrive against your select the TDS section rule. |
