Add expenses - money out

How to record money out transactions in Sage Sole Trader. This helps you track your business expenses and keep your accounts accurate.

Use this option to record outgoing payments, such as supplier bills, refunds, or cash withdrawals.

If you’ve connected your bank account, your expense transactions appear automatically in your Draft transactions list.

You only need to review and categorise them, you don’t need to create them manually.

1. Go to Sole Trader.
2. From Transactions, select Draft to open the draft transactions page.
3. Select Add, then choose Transaction.
4. In the side panel, select Money out.
5. Choose the transaction type.
   • Expense
   • Transfer or deposit
   • Refund
   • Auto create from receipts or invoices
      TIP: Use Auto create from receipts or invoices to scan and create transactions automatically. Only available in the paid plan.

6. Select Next, then enter the transaction Date, Source, Description, Amount, and Category.
    TIP: Choosing the right tax category for your transactions. 

    

7. You can also Split transactions, attach files, or add comments.

    

8. Select Save as Completed to finish now, or Save as Draft to review later.

You can still edit transactions once they're moved to Completed.

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Did you know?

You can add expenses faster using bank feeds or receipt scan.