How to record an expense

What is an expense? An expense is when you pay money in exchange for inventory, salaries, interest, overhead or another costs that supports your business. Record your expenses in OZÉ and monitor them over time to see where you can save on costs that are affecting your profits!

How to start recording a transaction

There are two ways to start recording a transaction in OZÉ:

Option One:

  • In your OZÉ app, click on the Menu in the top left corner and then click Transactions. ( ☰ ➜ Transactions )

  • Once you’ve arrived to the Transactions screen, click NEW in the top right corner of the screen.

Option Two:

  • In your OZÉ app, click on the Menu in the top left corner.

  • Then, at the bottom of the Menu, click NEW TRANSACTION. ( ☰ ➜ NEW TRANSACTION )

Record an expense

Once you’ve opened the new transaction screen, you’re ready to start recording! Did you know you can record an expense in just a few clicks!? Let’s take you through the quick way:

The quick way

Follow the instructions below to record a expense the quick way:

  • In the New Transaction screen, click on EXPENSE.

  • Enter the Price/unit of the expense. (i.e. GH₵15 per unit)

  • Choose the date of the expenses by clicking on the date itself or the calendar icon on the right. Note: if you are recording an expense on the day it happened, today’s date will already be filled in! No need to click it.

  • Select the proper category or make a new one (For more information on categories, click here.)

  • If you paid for more than one unit, scroll down to Units and Discounts, and enter the Number of Units.

  • Click SAVE in the top right corner or the bottom right corner.

The standard way

Want to make sure you get all the details of your expense? Let’s take you through all you can do!

Follow the instructions below to record a sale with all the details:

  • In the New Transaction screen, click on EXPENSE.

  • Click on the camera in the top left to add a picture of the receipt or the product itself.

  • Enter the Price/unit of the expense. (i.e. GH₵15 per unit)

  • Choose the date of the expense, by click on the date itself or the calendar icon on the right. Note: if you are recording an expense on the day it happened, today’s date will already be there!

  • Select the proper category or make a new one (For more information on categories, click here.)

  • Enter the location the expense took place. To use GPS just click on the bullseye on the right.

  • Enter a description of the expense. This field is for you! You can make any note that will help you remember what you bought, why you bought it, from where, etc.

  • If you paid for more than one unit, enter the Number of Units.

  • If you paid for the product or service at a discount, enter the discount. (Click here for more information.)

  • If you paid for the product or service on credit, select Partial or Unpaid. (Click here for more information.)

  • Click SAVE in the top right corner or the bottom right corner.