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How to Account for Subscriptions

If you have a recurring expense, like a subscription that you pay for every month, you can keep track of it in Balabook. Balabook does not currently have a feature that can automate recurring expenses. However, you can keep track of these expenses by categorizing the transactions to an existing expense account, or a custom expense account.

  1. From the left-side menu, go to Purchases > Expenses.
  2. Create a new expense transaction.
  3. Select your Subscription Expense account or create a new one under the Account Type: Operating Expense.
  4. Click 'Save' to record the transaction.

Written by

Alexandra Kyriacou

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