Adding Categories
Categories help you track where your money is going to, and where it's coming from. For example, when inputting a
transaction for your electric bill, you can specify the category as
"Bills:Electric." Moneyspire comes with a
pre-configured set of commonly used categories, which you can modify to
suite your needs if you wish. To add a new category, click on the Tools->Categories menu option and then click the Add button. Below is an explanation of the fields you have to fill in:
Category Name
The name of the category. This can be anything you want, such as "Groceries."
Parent Category
This
is the parent category of the category you are adding. For
example, you may choose a parent category of "Food" for the "Groceries"
category. This is optional.
Category Type
Here you
specify whether this category is an Expense or Income category.
For example, if the category is "Groceries," it is an
expense category. If the category is "Salary," it is an income
category.
Tax-Related
Here you
specify whether this category is tax-related. Tax-related categories are included in the Tax-Related Cash Flow report.