What are financial categories for?

What are financial categories for?

In Jarbas, financial categories help you organize and classify your financial transactions by type or purpose. They make it easier to track, analyze, and understand your business’s income and expenses.


Main functions of categories

1. Transaction organization

• Classify income by source (sales, services, salary, investments)
• Classify expenses by type (food, fuel, materials, taxes)
• Quickly locate specific transactions

2. Reports and insights

Categories are used to generate:
• Pie charts showing the distribution of income and expenses by category
• Comparison tables with total values per category
• Averages per category (average transaction value)
• Transaction counts per category

3. Financial analysis

• Identify where most of your money is spent
• Compare different periods by category
• Make data-driven business decisions
• Control your budget by expense area


Default categories

Income (Inflow)

• Sales – revenue from orders
• Services – service income
• Salary – earnings
• Investments – returns from investments
• Bonuses – extra income
• Customer Account – customer payments

Expenses (Outflow)

• Food – meal or grocery expenses
• Fuel – vehicle-related costs
• Materials – product or supply purchases
• Tools – equipment and tools
• Employees – salaries and benefits
• Taxes – fees and taxes
• Transportation – travel expenses
• Accommodation – trips and stays
• Leisure – entertainment
• Bills – utilities such as water, electricity, or phone


How to use categories

1. When recording a transaction

• Select the most appropriate category
• If it doesn’t exist, create a custom one

2. Creating custom categories

• Go to Financial → Categories
• Tap the “+” icon to add a new one
• Set the name, icon, color, and type (income or expense)

3. Viewing reports

• Go to Stats → Financial
• View charts and tables by category
• Analyze where you spend and earn the most


Summary

Financial categories are an essential tool to organize, analyze, and control your business finances. They help you gain clearer insights into your income and expenses through visual reports and structured data, making financial management easier and more effective.

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