How do I record a business transaction?
Psylio lets you record and track your business expenses, as well as income that isn’t linked to invoicing (other income).
Set up income and expense categories
Before recording an expense or other income, make sure your categories are set up correctly.
- Go to Settings > Finance.
- Open the Revenue or Expenses tab.
- Add new categories or edit existing ones to match your needs (ex: equipment, travel, subscriptions).
Add a transaction
Once your categories are set up, you can record a transaction.
- Go to the Finances section and open the Expenses or Other income tab.
- Click Add transaction.
- Add an invoice or receipt (image or PDF).
- Enter the transaction details:
- Invoice or receipt number
- Category
- Payment method
- Billing and payment dates
- Amount and applicable taxes
- Click Save.
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