Introduction
An expense account is a crucial tool for managing personal or business finances. It allows you to track and categorize your expenses, making it easier to monitor your spending and make informed financial decisions.
To create an expense account on Duplo, you’ll need to follow a few simple steps. In this guide, we will walk you through the process of setting up one. You can also explore creating an expense account with a visual tour by clicking here or continue reading.
Steps to create an expense account
- Log in to your Duplo dashboard as an admin/business owner
- Click Expenses on the menu bar
- Click Create expense account as shown below:
- Fill in all the required information as shown below:
Tip:
- Managers are the initiators and payers you have on the business
- Account aliases can be data subscriptions, rent, etc.
- You can edit, activate, and deactivate an expense account by clicking on manage account next to Create expense account
Frequently Asked Questions
- Can I create an expense account if I don't have initiators and payers for that business?
- Yes, you can. It is optional. You can choose to add initiators and payers later.
- Yes, you can. It is optional. You can choose to add initiators and payers later.
- What happens when I check the box to allow payment when the monthly budget is exceeded?
- It means that the payment will go through even if it exceeds the monthly budget set for that account.