How to Manage Expenses in LoomMate?

Keeping track of expenses is vital for controlling costs in any textile business. LoomMate makes expense management simple, allowing you to record, categorize, and review all your business spending in one place.

Video Walkthrough
(Watch the video below for a complete step-by-step tutorial. Prefer reading? Continue with the guide.)

Step-by-Step Guide to Managing Expenses

Step 1: Open the Expense Section

From the Dashboard, go to Finance → Expenses.
Click on + Add New Expense.

Step 2: Enter Expense Details

Fill in the following information:
- Expense Category (e.g., Electricity, Rent, Raw Materials, Transport)
- Amount
- Date
- Payment Method (Cash, Bank, UPI, etc.)
- Notes (optional, e.g., Bill Number, Description)

Step 3: Save the Expense

Click Save & Confirm to add the expense record.
The expense will now appear in your Expense List Dashboard.

Step 4: View and Manage Expenses

Use filters to view expenses by Category, Date Range, or Amount.
Edit or delete any entry if needed.

Step 5: Generate Expense Reports

Click on Generate Report to see your expenses in detail.
Export reports to Excel / PDF for accounting or audits.

Troubleshooting Tips

Duplicate expense entry? Use the delete option to remove extra records.
Wrong category? Edit the expense and update to the correct category.
Report not matching? Check if all expenses are confirmed and not left in draft mode.