Closed johnnyq closed 1 year ago
"generic " or maybe "uncategorised " or "general *". So you have a default place to put stuff if it does not match an existing category but you CBA to make a new one. For example for when you get a refund from a supplier but they don't issue a credit note and you just need to record it somewhere as an income (might not be the best example)
If you look at something like Sage or quickbooks or Xero or the like they all have loads and loads of options and I always struggle to remember what goes where. Keeping it simple is probably half the battle and let people make their own.
My current setup (quickbooks online) I use the following most of the time; (none exhaustive list)
Income Uncategorised Income, Hardware Sales, 3rd Party Software Sales , Software Sales, Web Hosting Sales, Labour (probably a few others)
Expenses Hardware Internal, Software Internal, Subscriptions, Services (Lawyers, Accountant, etc), Office related, Travel, Marketing
Cost of sales (Expenses directly linked to sales) Uncategorised CoS, Hardware Purchases, 3rd Party Software Purchases, Web Hosting Purchases, 3rd party Labour
It's easy to get carried away though but I always try and look at it from the other end.... What am I likely to want to see separated out in the future. Anything you might need to easily group you will need a category for.
I suppose these expenses refers to IT Company as the expenses of the services/product for the client
Expenses: yours plus below Hardware (pc, laptop, accessories, cables, patches and so on...) Main category Hardware, sub-cat user can input type of hardware Software (Licenses (Office365, Windows, Adobe etc) - Direct cost of licenses from reseller or provider - without the margin added to customer) Backup services - Online backup service that`s paid for the customer
eg columns: Category (dropdown) - Sub-cat (user input) - purchase cost - margin - total purchase + margin
then this will reflect to the final invoice
hope this make sense, i dont know how best to put it :D
INCOME
again, here just need to find the right naming for the type of the expenses and income
Categories
Expenses
Income
Referrals
Any Thoughts?