How Categories work in the mobile app

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.

1. Navigate to the category in which the transaction you want to change sits.
2. Select the transaction, and then tap ‘Change’ on the next screen. 
3. Once you’ve chosen the new category, Business Insights will tell you if have any similar transactions made in the last 12 months.
4. You can choose to change 1-3 of these transactions or click ‘Skip’.
5. If you 'Change' all 3 similar transactions shown on screen, any future similar transactions will be categorised this way automatically.