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:
|Here select the Misc. Expenses (ASSET) account.
|Here write your account name.
|Here write your account short name.
|Here write your account email id.
|Here write your account mobile no.
|Account holder’s name
|Here write your bank account holder’s name.
|Here write your bank account number.
|Here write your bank IFSC code.
|Here write your bank name.
|Tax registration details
|Here write your PAN/IT no.
|Here put your ledger opening balance.
|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.