Organize expenses into categories for better tracking and reporting.
Default Categories
- Advertising & Marketing: Ads, promotions, website
- Auto & Travel: Mileage, parking, lodging
- Bank Fees: Service charges, wire fees
- Equipment: Computers, machinery, tools
- Insurance: Business, liability, health
- Legal & Professional: Attorneys, accountants, consultants
- Office Supplies: Paper, pens, software
- Rent & Utilities: Office space, electricity, internet
- Salaries & Wages: Employee compensation
- Taxes: Property, sales, payroll taxes
Creating Custom Categories
- Go to Settings → Expense Categories
- Click "Add Category"
- Enter category name
- Select parent category (optional)
- Assign tax form line item
- Set as active/inactive
- Save category
Category Rules
Automatically categorize expenses:
- Set rules based on vendor name
- Auto-categorize by amount range
- Use keywords in descriptions
- Learn from past categorizations
Tip: Use sub-categories to track specific expense types within broader categories.