|1. You can create a new expense account, to divide your expenses in more than one category.
Go to the account tab and press the menu button new.
|2. Enter an account number. The account number must have four digits.
You can enter any four-digit number. We recommend using a standardized chart of accounts number to take. You will find a possible chart of accounts under following link:
chart of accounts
Since we want to capture a spending account, select the account type expenses
|3. Choosing the right type of account is important because it is prevail for the calculation of the balance sheet and income statement.