Here is my first post.
I recently installed pastel xpress start up and have been using it to generate quotes and invoices. I now have do a SARS submission before month end. I have not really done too much turnover for the last 2 months but have some start up expenses I need to capture. I have been toying with journals by capturing some of my expenses under the General Journal - (under credit). Expenses include the following: Website design fees, phone line rental, customer entertainment and business meetings (breakfasts, lunches & dinners).
My question is am I capturing my expenses correctly by using journals? The entertainment expenses I have receipts from the establishments, for the Website design, phone rental and other operating fees I have invoices. Should I capture the details of these service providers as suppliers and enter their invoices into the system, or do journal entries?
I have no prior experience with accounting software.
Your responses will be highly appreciated.