How do I record a business expense?

Psylio lets you record and track your business expenses to give you a clear overview of your expenses and income.

Set up expense categories

Before recording an expense, take a moment to customize your expense categories. You can edit existing categories or create new ones to better match your needs.

1. Go to Settings > Finances.
2. Open the Expenses tab.
3. Add or edit categories (e.g., supplies, travel, subscriptions).
   

Record an expense

Once your categories are set up:

1. Go to the Finances tab.
2. Click Add transaction (top right).
3. In the Type field, select Expense.
4. Enter the expense details:
1. Category
2. Payment method
3. Billing and payment dates
4. Amount and applicable taxes
5. Add a receipt (image or PDF), if needed.
6. Click Save.
   

The expense is automatically added to your financial overview, alongside your client invoices and other expenses and income.

You can use the same steps to record income that isn’t linked to a client invoice (e.g., teaching or speaking engagements). Just select Income in the Type field when adding the transaction.

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