How expenses connect to the Dashboard, Accounts and Reports

An expense is not only a record on the Expenses page. It also affects the Dashboard, Accounts page, Reports Centre, and daily reconciliation.

Dashboard

• Expenses reduce daily profit.
• Expenses reduce expected account balances.
• Expenses can affect discrepancy checks.
• Missing expenses can make profit look too high.
• Wrong-account expenses can make balances look wrong.

Accounts

• The Accounts page shows how much money is in Cash, M-PESA, and Bank/Card.
• Expenses are counted as money out.
• The account selected on the expense decides which account balance reduces.

Reports

• Expenses appear in daily, weekly, monthly, and yearly reports.
• Categories make reports easier to understand.
• Changing old expenses can change old report totals.

Daily reconciliation

• At the end of the day, Bizwazi compares expected balances with real balances.
• If an expense is missing, the expected balance may be too high.
• If an expense is entered under the wrong account, one account may look short and another may look over.