Revised: 09/06/2017

How to Process Expense Transactions

This how to includes the following information:

Expense Transaction Entry

Go to Activities>>Expense Entry

Client Information

Transaction Information

Accounts Payable Information

Invoice Information

Note:  The Retain Transaction code, Retain Client and the Retain Vendor checkboxes are used to retain the respective information for the next entry.  This is a useful tool when doing multiple entries for the same client, the same vendor, or that use the same transaction code.  Leave these unchecked for any information that will not be repeated in the next expense transaction.

 

Expense Edit List

After you enter all of the expense transactions you can run the Expense Edit List.  To do this, go to

Activities>>Expense Edit List

This will create an expense transaction edit list based on your selections.  You can display the information on the edit list by Entry order, Client Number order, or by Client Name (ALPHA).  You can also choose to break the report by expense transaction code (if multiple expense codes were used when entering the expense transactions).  

Once you have made your selections,

Note:  It is suggested that you preview your Edit list before printing for several reasons.  First, you can easily view the information on your screen and go back and fix, add, or delete the expense transaction that was incorrect without having to actually print the report.  This may save you some time and paper if you need to make corrections.  Also, you can print the report from within the preview by simply clicking on the print icon.  If you choose to print the report without previewing it first, you may not like the way you grouped it, also, you may see transactions that need to be corrected which you will have to run the edit for again after you have made corrections.

Expense transactions that have not been posted may be deleted in Expense Transaction Entry.  Use the Batch Number field to pull up an entry that you do not want to post.  When the transaction has been selected, press the Delete icon and press Yes.

Post Expenses

Once you are satisfied with the information on your Edit List, the next step is Posting (Finalizing) the transactions

Go to Activities>>Post Expenses

After you post, you will get a prompt to print your transaction register.  Click yes to print the expense transactions that you just posted.  See:  Report Printing Options

How to Change, Void or Cancel a Posted Client Expense

Expense transactions that have not been posted may be deleted.  

Go to Activities>>Expense Entry

Once an expense has been posted, it cannot be changed or deleted.  Other entries can be made to adjust the client's account and Accounts Payable.

The following information may help determine the entry that will be needed to make the adjustments:

How to Reverse an Expense Transaction Entry with no AP interface:

Go to Activities>>Expense Entry

Client Information

Transaction Information

Accounts Payable Information

All of the Accounts Payable information should be the same as the entry that is being corrected.

Invoice Information

Then follow the instructions under the How to Enter an Expense, Edit List and Posting at the beginning of this topic to reenter the correct expense amount.     If the expense transaction does not need reentered, proceed to the Edit List and Posting instructions.

See Also: