Misc. Expenses(ASSET)

In the ledger module, you can add your Misc. Expenses ledger to Munim.
After doing this, you will be able to manage your Miscellaneous Expenses account. Miscellaneous Expenses are incidental expenses that cannot be classified as manufacturing, selling, and administrative expenses. These expenses are not revenue in nature and hence shown on the asset side of the Balance Sheet and should be written off over a period of time.

Create Misc. Expense (ASSET) Ledger:

  • Go to the Account module in the left sidebar.
  • Click on the Create account button or press the Alt+N key.
  • Select Misc. Expenses (ASSET) on the Under group ledger drop-down list.

Field Information for Misc. Expenses (ASSET) ledger:

Under groupHere select the Misc. Expenses (ASSET) account. 
Account nameHere write your account name.Mandatory field
Short/Alias nameHere write your account short name. 
EmailHere write your account email id. 
Mobile noHere write your account mobile no. 
Account holder’s nameHere write your bank account holder’s name.Mandatory field
A/C noHere write your bank account number.Mandatory field
IFSC codeHere write your bank IFSC code.Mandatory field
Bank nameHere write your bank name.Mandatory field
Tax registration detailsHere write your PAN/IT no. 
Opening BalanceHere put your ledger opening balance. 
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.