How to Add a Raw Material Expense

This guide will show you how to add expenses for raw materials on the Oze app

To get started, take the following steps:

Step 1:

  • After entering your login details, you are granted access to your Oze account.
  • Click on the menu sign (☰) at the top left corner and when the drop-down menu appears, select Transactions. 
  • On your Transactions screen, select -Expense.

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Step 2:

After selecting the -Expense, tab on Add Manually as your entry type to add an expense transaction.

  • Select an INVENTORY as the expense type for your transaction from the various options listed in the app.
  • After selecting the expense type, proceed to
    • Inputting the product item associated to the inventory.
    • If the item is not listed in the app, tab on +Add a new item.
    • Select the type of item. In this case, your inventory item is A Product.
    • Provide the item name
    • Choose the category that this item belongs.
    • List the cost price of the item appropriately.
  • Click Create this item to continue.
  • List the quantity of item bought
  • Tab on Next.

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Step 3

  • On the payment screen, you can choose the payment status and method of the inventory expense transaction. 
  • If the inventory expense is fully paid for, select PAID and choose the appropriate payment method used.
  • If the expense is partially paid, select PARTIALLY PAID, and provide more information on the following:
    • Amount paid so far
    • Payment method
    • And the date the final payment will be due to pay.
  • If the inventory expense is UNPAID, select UNPAID and provide the date payment will be made. 

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  • Save the expense transaction or select Add supplier if you have the details of your supplier.

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  • If you selected to add supplier details:
    • Enter supplier name and number by either selecting  from your contacts or manually inputting the name and number.
  • Congratulations! You have successfully added your first inventory expense.😊