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February 5, 2020
Question

Tagging expenses by project

  • February 5, 2020
  • 1 reply
  • 0 views

I want to track expenses by project, but don't want to upgrade to Plus. If I customize expense categories by project (e.g. Supplies - Project A, Supplies - Project B, etc.), is that a good idea/okay? Any downside to doing that besides a bit of hassle setting it up and more categories? Any other way to do this?

1 reply

AddieC
February 5, 2020

Hi there, 

 

Tracking expenses for each project you have on the go is an important way to stay updated on your business health. I know how handy the Projects feature is, but I can appreciate that you don't want to upgrade to the Plus level subscription. I'll help elaborate on customizing your expense categories. 

 

I recommend setting up sub-categories for your supplies expense account. Sub-categories allow you to separate/group expenses under the same account, which can help you keep track of different supply expenses for each project you have.

 

Here's more information on how to do this: Group your products and services into different categories

 

Save time when you create transactions. If you buy and sell many different things, you can use categories to easily find products or services.


When you run your expense reports, or look at your Expense account in the Chart of Accounts, you can see your information grouped in a way that makes sense to you. You're able to expand each category and find details relating to each group. 

 

I hope this helps clear things up for you. I also suggest consulting your accountant about the best way to separate your expenses in each category. If you're not already connected to an accountant, you can search for one in your area here: Find a ProAdvisor.

 

If you have any other questions, please reach out to our tech support team

Cheers.