Reporting categories allow you to classify and organize your financial data beyond the standard chart of accounts structure. They provide an additional dimension for analyzing transactions and generating customized reports.
You can create reporting categories for different business needs such as tracking revenue by product line, expenses by department, or any other classification that helps you understand your business performance better.
Once created, reporting categories can be assigned to individual transactions. This enables you to generate reports that show financial data grouped and filtered by these categories, providing deeper insights into specific areas of your business.