Customising my Income and Expenses categories

Understanding Cash Flow Entries

Your Income section records all receipts (money you receive) - by cheque, cash, credit card, or direct transfer. You will record the details of each receipt, allocate them to a column that indicates what the receipt was for and then record what you did with it – deposit it in the bank or not. 

Your Expenses section records all payments - by cheque, by cash or directly from the bank. Similar to Income, you need to record the details of your payments, allocate them to a relevant column and choose how it was paid. 
 

What are Cash Flow Categories used for?

Customising your Income and Expenses categories allows your to add, change or remove the options you have when recording the details of what a receipt or a payment was for.

You may want to add your own categories or your Accountant may also ask you to add certain categories to your Income or Expenses. 

Video Walkthrough

 

How to Customise your Categories

1. To begin customisation, select either Income or Expenses from the side menu

 

2. From either page, you will see an Edit Categories button. Clicking this takes you to a new screen where you can choose what categories you would like to see, and even add new ones

 

• On this screen you can quickly switch between Income and Expenses customisation by using the tabs
• You can choose which categories appear on your Profit/Loss and if you find there is a category you never use, you can hide it from our software altogether

 

 

3. Clicking the Add New Column button enables you to fill in details for a new category that suits your need
4. Input a name
5. Select a Tax Type
6. Choose if you wish to include it in your Profit and Loss Report or if you wish to hide the category
7. Click Create Column

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