Skip to main content

Transaction Category

The Transaction Category section in Financial Settings is used to organize and classify financial transactions into clear groups. This structure helps businesses differentiate between income and expense types, track specific financial activities, and generate more detailed reports.

Purpose​

Transaction categories ensure that all financial entries are systematically recorded under the correct classification. This simplifies tracking, analysis, and reporting of business operations. It also improves transparency when reviewing income and expense flows.

Key Features​

  • Income and Expense Classification Categories are divided into two main groups: Income and Expense. This clear division allows businesses to identify revenue sources and cost allocations.

  • Custom Category Creation New categories can be created for specific types of income or expenses, making reporting more relevant to the organization’s operations.

  • Editing and Deleting Categories Existing categories can be updated or removed to maintain accuracy and relevance as business needs evolve.

Adding a Transaction Category​

When adding a new category, the system provides a form to define key attributes:

  • English Name / Arabic Name Allows entry of category names in multiple languages for multilingual support.

  • Color Assign a distinct color to easily identify the category in charts, dashboards, and reports.

  • Type Select whether the category is Income or Expense.

  • Parent Category Optionally assign the category under a parent group to maintain a hierarchical structure.

  • Has Batches Toggle to indicate if the category should support batch tracking for grouped transactions.

Actions​

  • Use the Add button to create new income or expense categories.
  • Assign clear names and types to ensure categories are easily understood by all users.
  • Leverage colors and parent categories for better organization.
  • Update or delete categories when they are no longer required.

These settings ensure that financial transactions are properly classified, making reporting, auditing, and business analysis more accurate and efficient.