Accounting is available on Pro and Prime plans

To record your expenses and any money spent you can create an OUT- transaction.

From the list of transactions, click on the Out – button to add a new income transaction.

Complete the following fields for all transactions (automated and manual):

  • Date: This is the date when the money was spent.
  • Name: This is the name of your transaction.
  • Category or match: Click on the down arrow to select the category relating to the expense.
  • Tax: Click on the down arrow to select or add a new tax.
  • Amount: Add the total of your transaction.
  • Client: Click on the down arrow to select or add a new client.
  • Description: This is an open field for a brief description of what the transaction is.
  • Click on the attach icon to add any documents to your transaction.

If you assign the client and expense category Fiskl will automatically create a billable expense in the expense list. Note: you have to manually add sales tax associated with the future invoice in the expense document directly or assign sales tax in the invoice itself.

For automated transactions

Match to single expense transaction

  1. Click on “Match”.
  2. A list will appear with relevant matches, here you can also filter matches using a date range or search for a match.
  3. Select your match, your selection will immediately disappear from the list and your new transaction will be marked with a matched icon next to the category, showing that this transaction is matched
  4. Minus/Plus toggle: View matches by positive or negative amounts.

Match to multiple items

One transaction may have multiple items attached to it, therefore you can match these transactions as follows:

  1. Click on “Match”
  2. From the list of matches, select your transactions.
  3. Your selected matches will transfer from the match list to the new transaction. Your new transaction will be marked with a matched icon next to the category showing the transaction has been matched.
  4. The amounts get auto computed and compared to the transaction amount, the result is shown in the difference box that always shows the amount to balance or shows “No difference” when the transaction is fully matched.

Split transactions

If you use multiple accounts for one expense, for example, you buy $50 of food and the rest on office supplies, then you can split the transactions across multiple accounts (categories).

  1. Click on “Split”.
  2. Add your amounts to the individual lines and assign them to a category, click on “Add line” to add extra lines.
  3. The sign in the amount field can be changed in each line. 
  4. The amounts get auto computed and compared to the transaction amount, the result is displayed in the difference box that always shows a positive amount or shows “No difference” when the transaction is fully matched.
  5. If you assign the client and expense category Fiskl will automatically create a billable expense in the expense list. Note: you have to manually add sales tax associated with the future invoice in the expense document directly or assign sales tax in the invoice itself.

Click “Create”, your transaction has been saved to the transaction list.

Was this article helpful to you?

No, not really

Comments are closed.