Select Settings > Income & Expense Categories.
Here is where you will setup and manage your categories (aka Chart of Accounts). A few default income and expense categories have already been entered for you...
To create your own category and add it to the list, click the Add Category button. You can add a category as either Income, Expense, or Other for items such as credits.
**NOTE: We offer a Financial Report called "Category Ledger" that is very useful for analyzing the transactions posted to each category.
However, some of our clients have created a category such as 6250 Utilities, and then created additional categories such as ...
6250.1 Utilities - Water
6250.2 Utilities - Electric
This allows you to group them together or create "sub-categories" by numbering them the same and adding a decimal point to each one, however they are still separate categories and are not true sub-categories.