eg Postage, stationery, accommodation, training, insurance. 'Essential costs' is too vague and undefined.
Stock would be very useful as well as others that have already been mentioned here :)
Just adding my
Input here, I’m a gas engineer, I purchased some materials for a customer and the closest category I could see was inventory. Could
Be confusing in the long run when looking back in the year at purchases. Creating my own categories is the way forward as other apps do. Still waiting for the invoicing functionality! :-)
We'd love to get input on your priorities for new categories to see where the common demand is. Please complete this short survey to identify your top 3 category requests:
Our goal is to keep category names uniform across all customer accounts and as uncluttered as possible by having the minimum number possible. This will allow for more automation and time saving.
Our categories exactly map to HMRC's new Making Tax Digital service (which all businesses will be using over the next couple of years for filing VAT, corporation tax and self-assessment).
For self-employed businesses we've done this mapping already as the HMRC categories are public.
For limited companies HMRC's categories are not yet available. For now we've adapted the self-employed business categories for limited companies.
@Tim Fouracre: No need to reinvent the wheel here, other software like Xero and QuickBooks have full lists of categories, why not use those?
can you please create a fuel category in the APP
My categories aren't normal, and I'm struggling to decide what's 'essential' and what's 'other' when things like paying my suppliers (by remittance advice based on the sale of their goods, rather than invoice) isn't covered under anything.
I'd like to define my own expenses.
Agree with many others that this needs to be improved - in a big way!
Don’t be prescriptive with it though, give us the choice to create our own codes, every business is different after all.
And top level codes with the ability to create sub categories would also be very welcome!
+1, I have a subscription to GSuite and I've absolutely no idea where to put it. In Quickfile I tag it as 'subscriptions' but there's nothing like that on Countingup.
Maybe even have a parent category (like landlord, consultant, contractor) and then have a child category for it (if not all the expenses will overlap
I just started using Counting Up for my very small business and noticed the lack of categories to tag against.
The following would be great if not on the list or suggested already:
Hire & Lease
Photocopying / Printing
These should be user defined to reflect different business types and sizes.
It also needs to be possible to add more than one tag per exoense. For example I'm a franchisor so need to be able to track e.g. set-up costs by franchisee. At the moment they make the whole app almost useless for me.