Expenses Definition
In NuMetric, Expenses refer to cash-based or directly paid costs—typically from petty cash—that are not linked to specific items or vendors. These include operational outflows like transport, office supplies, meals, or other ad-hoc payments not involving inventory or purchase bills.
How to Add an Expense in NuMetric
On the left-side menu, click Purchases > Expenses.
Click create expense.Enter Date & Description
Set the transaction date.
Add a brief description for the expense (e.g., "Taxi fare for delivery").
(Optional) Link to a Project
If this expense is part of a specific project, select the project from the dropdown.Add Debit Line (Expense Entry)
Set Type to Debit.
Write a description.
Choose the Expense Account (e.g., Office Supplies, Travel).
Enter the amount under the Debit column.
Add Credit Line (Payment Method)
Set Type to Credit.
Choose the Cash/Petty Cash Account used to pay.
Enter the amount under Credit.
Ensure Balance
Check that Total Debits = Total Credits. The difference should be zero.Click Save
The expense is recorded and reflected in your financial reports.
