The new Categories features in Version 3 give you a powerful new way to track expenses and income. Even if you already use AccountEdge to track Profit & Loss and Balance Sheet financials by job, using Categories will add another, more customized dimension to your financials. By setting up categories, you can now record and track transaction information using your own criteria, such as lines of business, divisions or locales.
Use the new Edit Categories window to define and edit categories that suit your business needs. Once you have defined your categories, you can assign them to individual transactions as you see fit. Then use your categories to track data in any way that is meaningful to your business. For example, you might want to use categories to track transaction data for multiple lines of your business, for various regions or sales territories, or for several types of funds. If it suits your needs, you can assign a category to every transaction that you enter. If you do not need to categorize every transaction, you can assign categories to only those transactions that you wish to track this way. You can also reassign categories to existing transactions whenever necessary.
When you set your system preferences (Setup > Preferences) to Turn Category Tracking On, the Categories options are available in all of the important data input windows in AccountEdge. Optional Category fields are also available for use on all checks, sales, packing slips and purchases forms. Categories can be assigned to transactions in any of these windows.