Overview

Organizing income and expense categories streamlines financial tracking and simplifies reporting. Categories group similar transactions, making it easier to analyze your business’s financial performance.

Key Features

• Create custom categories for income and expenses.
• Manage categories with user-friendly tools.
• Improve reporting accuracy by categorizing transactions appropriately.

Step 1: Creating Income Categories

1. Navigate to Settings > Categories.
2. Click Add Category under the Income Categories tab.
3. Provide the following details:
   • Category Name: Enter a descriptive name (e.g., Product Sales, Service Fees).
4. Click Save to add the category.

Step 2: Creating Expense Categories

1. Navigate to Settings > Categories.
2. Click Add Category under the Expense Categories tab.
3. Provide the following details:
   • Category Name: Enter a descriptive name (e.g., Office Supplies, Marketing).
4. Click Save to add the category.

Step 3: Managing Categories

• Use the action buttons to edit or delete categories as needed.
• Assign categories to transactions, bills, or expenses to maintain organized records.

Step 4: Using Categories in Transactions

• While adding an expense or income record, select the appropriate category from the dropdown menu.
• Ensure every transaction is categorized for accurate financial reporting.