Financial control > Tracking financial information > Categories
Categories enable you to track profitability of departments, offices, properties and other business segments.
For example, the Sales department of a car dealership could use categories to help them track the profitability of car models they sell: say, model A, model B and model C.
When entering a transaction, you need to allocate the appropriate category to it. You can then prepare a profit and loss statement for each category.
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note : Note that you cannot allocate a category to the following transactions
Pay Bills, Receive Payments, Prepare Bank Deposit, Settle Returns and Credits/Debits and Pay/Receive Refunds. When entering these transactions, the categories assigned to the original transactions will be used. For example, the categories assigned to purchases appearing in the Pay Bills window will also be assigned to the payment.
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Click the System tab.
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Select the Turn on Category Tracking option. If you want to make the selection of a category mandatory for all transactions, choose Required from the list.
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note : Turning off category tracking deletes all categories and their history
If you choose to turn off category tracking, any categories you have created and their transaction history will be deleted from your company file. You should make a backup of your company file before you do this so that you can access this information if required.
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Click OK.
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