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# Financial category

## Managing Financial Categories: Key Steps and Importance

Financial categories are a classification system that makes it easier to track and manage your financial operations. This system helps you see your financial activities more clearly, plan your budget effectively, and monitor your income–expense balance. Correct categorization allows you to make financial decisions based on accurate information.

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## Creating a Financial Category

To create a new financial category in the back panel, follow these steps:

1. Go to the **"Finance"** section.
2. Select **"Categories"**.
3. Click the **"+ Create"** button.

[![](https://storage.crisp.chat/users/helpdesk/website/-/1/6/2/e/162e5da2ece20700/5a2296a7-d277-4a30-a6d5-2e322d_t6ms3s.png)](https://downloads.intercomcdn.com/i/o/xj4jn0kl/1745225805/da00d1d4a6241e44d89528ba379e/Screenshot_115.png?expires=1761553800&signature=6056305370e593200cdcffdf2b5ce057092c28d13d0c34a3bbef1f0b7b53f985&req=dScjE8t8mIlfXPMW1HO4zaFJb0lNzs0ha02Hi2VP3tiorwQ1z%2BEBFAqh4pRg%0AbwyfVuEDStjUFxxyBVI%3D%0A)

In the pop-up window, fill in the following information:

**Name:** The name of the financial category you want to create.

**Type:** This will be one of the three types you can create: *Income, Expense,* or *Both*. Select the type that matches the operation.

* **Income** – If you select *Income* while creating the category, only the chosen income categories will appear when creating an income transaction.
* **Expense** – If you select *Expense* while creating the category, only the chosen expense categories will appear when creating an expense transaction.
* **Both** – If you select *Both* while creating the category, both income and expense categories will appear when creating a transaction.

[![](https://storage.crisp.chat/users/helpdesk/website/-/6/b/6/3/6b63054639d48c00/d0c31bc0-6f0f-493e-8e41-f9882f_be2575.png)](https://downloads.intercomcdn.com/i/o/xj4jn0kl/1745226953/4e4977b62b46779469b0fd26019e/Screenshot_116.png?expires=1761553800&signature=b546950d55f5d05d2f5716cec5f5db273e7e2a6cc52329106888eec326a87e9c&req=dScjE8t8m4haWvMW1HO4zVG1%2B1CZuoPuuadbiQEdnEXj%2B9BNmFnKXvG%2FB8aa%0AJ5%2B%2Fq%2FBYYxdGQgQCckQ%3D%0A)

**Parent Category:** If the category you create is a parent category, leave this field empty. If you are creating a subcategory, select the corresponding parent category.

There are certain categories in the system that have been automatically created by the system and are marked with a lock icon. This icon indicates that it is not possible to make any changes to these categories.

[![](https://storage.crisp.chat/users/helpdesk/website/-/9/3/b/1/93b1dfb95cacd800/596760dd-c751-42e3-91b2-9cd953_1avof7o.png)](https://downloads.intercomcdn.com/i/o/xj4jn0kl/1745227629/a87023832b96fe62b80cad092cb7/Screenshot_117.png?expires=1761553800&signature=0ffa275adafc58d384cf7e20c8cc5e25094c8f6f60c6333f2279a91ee2a595b0&req=dScjE8t8moddUPMW1HO4zcv5aFjGnktW9pip64SBezHJr7J1JKIlCvmrSgXx%0Auh559H0Jb4hKP83LtWE%3D%0A)

## Monitoring Reports

To track reports by the categories you have created, go to the **"Finance"** section and open **"Cash Flow"**. This will help you understand your financial situation more accurately.

[![](https://storage.crisp.chat/users/helpdesk/website/-/9/e/7/6/9e7668fa6a217000/675ce887-20f3-46e1-b3d8-416828_1cqceb1.png)](https://downloads.intercomcdn.com/i/o/xj4jn0kl/1745228411/ddb7407c8d5208a8fb25dd0487df/Screenshot_118.png?expires=1761553800&signature=b4e41eeabb930599e791fc160f3376a795be110326d1387bcc091fec99c309d6&req=dScjE8t8lYVeWPMW1HO4zVIDYzekeEwmfCZ1mhqRo4rLPAhevI%2BDI0y5Acue%0AiIyl8BygmN7Rk%2BteU9c%3D%0A)