Custom personal categories allow you to track personal income and expenses without affecting your tax summary. You can create them from the Dashboard or while allocating transactions in Bank feeds.
Creating Custom Personal Categories from the Dashboard
In the Budgeting widget on your Dashboard, click the Edit icon.
Click Manage Custom.
Enter a name for your category.
Choose whether it is an Income or Expense category.
Click Save.
Your new category will now appear in the list on the left.
Editing or Deleting Categories
To edit: Select the category, make your changes in the pop-up, and click Save.
To delete: Click the Bin icon.
You can create as many personal categories as you like, but note that editing or deleting is only possible before allocating any transactions.
Allocating Transactions to Custom Personal Categories in Bank Feeds
Go to Bank feeds and select the bank and transaction.
Click the Personal icon.
While allocating a transaction, click Manage Custom to add, edit, or delete categories in the pop-up window.
Choose the appropriate category.
Click Allocate.
Once transactions are allocated, you can only edit the category name or type, not the allocation itself.
Tracking Your Personal Categories
You can manage and monitor your budgeting for these categories on the Dashboard to stay on top of your financial goals.
Watch our tutorial video below to see how easy it is.
FAQs – Custom Personal Categories
Q1. What are custom personal categories?
Custom personal categories are labels you can create to track personal income and expenses. They do not affect your tax summary.
Q2. Where can I create custom personal categories?
You can create them from the Dashboard (Budgeting widget) or while allocating transactions in Bank feeds.
Q3. Can I edit or delete a custom personal category?
Yes. You can edit or delete a category at any time before allocating transactions. Once transactions are allocated, you can only edit the category name or type.
Q5. Can I create multiple custom personal categories?
Yes, there is no limit. You can add as many as you need to track different types of personal income and expenses.
Q6. Do custom personal categories affect my tax summary?
No. Custom personal categories are purely for personal tracking and budgeting.
Q7. Can I manage my personal categories from Bank feeds?
Yes. While allocating a transaction, click Manage Custom to add, edit, or delete categories directly.
Q8. How do I track my budget for these categories?
You can view and manage your budgeting for personal categories on the Dashboard to stay on track with your financial goals.