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How to add work related expenses & cash receipts
How to add work related expenses & cash receipts

Learn how to add work-related expenses and cash receipts in TaxTank.

Updated over 6 months ago

Work related expenses can be added from the Work Tank, or allocated directly from Bank Feeds.

This article will explain how to:

  • Add cash expenses from Work Tank

  • Add expenses from Work Tank which can be matched with a bank transaction (from Bank Feeds) when paid in the future.

To get started, navigate to Work Tank. From the 'Expenses' tab select the blue 'Add' button.

Step 1 - Select the Expense Type

From the Add Expense pop-up, the first step is to select the expense type. You have two types to choose from;

  1. Bank Feed - For transaction which will be paid from your bank account later

  2. Cash - For expenses paid by cash

Step 2 - Complete the Payment Details

  1. Enter Description - What the item is (for example, fuel or uniforms)

  2. Payment Amount - The cost including any merchant charges (if payable)

  3. Transaction Date - The payment date, or due date if it's being paid later

  4. Category - Start typing to search and select the category (ie. Mobile Phone)

When you're done, press the 'Save' button to confirm.

For Cash transactions, you're all done.

For Bank Feed transactions, the expense will be available to Find & Match from your bank feeds when the payment is made. For more information check out article:

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