Moneyworks Accounts Category Setting
Moneyworks Accounts Category Setting allows setting of category and sub category for up to 4 sets. Here is an example of how we can use Category, Category2 and Category3 in our accounts to give us different presentation.
Here is our example utilising 3 Categories:
Main Category: My Fixed Asset
Category2: Commercial and Residential
Category3: Furniture and Property
So from here, we have “My Fixed Asset” which consist of Commercial Property and Residential Property. Under each property, we have sub-category of Furniture and Property for each of the property.
Here we will put in some numbers to make sense out of our balance sheet:
To achieve above report, Balance Sheet report must use the Advance sorting with the below setting:
This is one of the way to present our accounting report in neat and clean way.
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