Memo Expense (ME)

This posting type is used to record anticipated expenditure and other charges which cannot be recovered as true disbursements, e.g. the cost of photocopying, the cost of printing documents/letters, travel expenses, TT fees, etc. It lets you keep a record, but does not pay anything out of the office bank at this stage.

Using the posting

When using an ME, you must specify details of the expense. For a full list of posting slip fields, refer to the Posting Slip dialog box.

When posted, an entry appears on the Expense tab of the Accounts Ledger with a date in the Memo column, but the office bank is not updated.

Show me the posting slip:

Note

• Preset postings can be set up (by administrators) for this type of posting.