Transaction creation starts with "New Transaction". You can also initiate transaction creation using the shortcut key (N). You can attach a file to the transaction directly from the Archive or by uploading it from your own folder structure. When creating a purchase transaction, the mandatory fields to be filled in are:
Date: When the goods or services were purchased. Description: Description of the type of purchase transaction. Type: Since this is a purchase transaction, select "Purchase". Payment Method: The account from which the payment was made. In cash-basis accounting, the selected payment method is usually a Bank Account or Cash. In accrual-basis accounting, the Accounts Payable account is commonly used. Account The accounting account where the purchase entry is made. The VAT treatment and percentage are automatically retrieved from the settings of the selected account, but can be edited if necessary when entering the transaction. Amount: The gross amount of the purchase transaction.
Optional fields that are worth using:
Contact: Which contact the transaction is related to. You can choose an existing contact during the transaction entry, or you can create a new one if needed.
You can edit the transaction later if desired by selecting "Edit".