Income and Expenditure Categories

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gkpattison
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Income and Expenditure Categories

Post by gkpattison »

I am a new user just setting up my accounts for a youth organisation.
I read in the documentation that you should not use the same category for income and expenditure as it will affect balance calculations. Is it allowed to use a single category but separate sub-categories for income and expenditure?
For example:
Category>Event One
Sub Category>Event Income
Sub Category>Event Expenditure
Category>Event Two
Sub Category>Event Income
Sub Category>Event Expenditure
or would I need to set up four categories for the above?
guangong
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Re: Income and Expenditure Categories

Post by guangong »

Hi @gkpattison , i think the answer is positive.
mmguy
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Re: Income and Expenditure Categories

Post by mmguy »

for the events, wouldn't be better to use tags for classifying the events leaving the categories the same across events?

Like:
Events
sub: events exp
sub: events inc

then with tag you put EVENT ONE , EVENT TWO, etc.