Spending can range from the essentials, like rent or insurance, to the cost of stock and supplies, to one-off purchases like a piece of machinery or a laptop.
We have automatically categorised these into 17 helpful sub-categories to help you track and manage your spending.
Capital & equipment: purchase or hire of necessary items to carry out your business, e.g. property, vehicles and machinery and tools
Finance payments: fees for banking, such as interest charges, credit cards or loan repayments
Insurance: business related insurance
Marketing & promotion: costs associated with promoting your goods and services
Motor expenses: vehicle purchase, fuel and EV charging
Office & equipment: everything needed to run your office day to day, including IT costs, phone bills, uniform, etc
Professional fees: legal, security, logistics, accountancy or any other professional fees
Refunds: refunds you've needed to pay your customers
Rent & rates: rent and council tax
Repairs & maintenance: vehicle and other repairs such as machinery
Staff costs: all things related to your staff, such as pensions, salaries and PAYE
Subscriptions: regular payments made, such as for accountancy
Supplier & stock: goods you've bought to sell, contractors or freelancers
Tax: tax paid as part of the business
Travel expenses: flights, rail, taxis, accommodation and meals
Utilities: gas, electricity & water bills
Other: any other transactions such as entertainment, cash withdrawals or charitable donations
Don’t forget you can re-categorise your transactions at any time. We will learn from your re-categorisation and any future payments to the same payee will be automatically categorised in the same way.
