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Hi, My suggestion: Additional Field on Chart of Accounts that could be reported on and totalled by in the P&L.

Details:

Just suggesting if it possible to have an additional custom field or a categorisation field in the chart of accounts level only (not item tracking detailed expense level) i.,e.

I just want to set each expense (and possibly income) with an additional reportable field.
to do this at the accounts/chart of accounts level (i.e. 1/Category 1 2/Category 2 3/Category 3 4/Category 4.

I don’t need them to have tracking entries, i just need it on a top level.

Each of the expenses is categorised as part of one of these categories or blank.

The reason I need this is that I need to then allocate one of the categories back to the other categories, so I would add an extra field per category for allocated expenses (from the other category).

This is super important for us and at the moment is a very tedious manual process to report by category of expense.

Just wondering if there is something possibility of adding another column to the chart of accounts as a CUSTOM CATEGORY field (optional) which would allow me to total by category automatically rather than exporting to excel and manually doing this.

Even if the reports don’t total at first, having the field there would remind me of which category the expense is as there could be similar names of expense just different categories. i.e. they must be different GL accounts (not item tracking etc)

I think it is a really good suggestion and would make my reporting so much better.

I do not need to track individual expenses and split i.e. like a project code, no what i need is that each chart of account is separately and if there are 2 similar expenses but a different category it would be a different GL code. (if they are in another category partially they get assigned another number under that category).

I need this simple reporting tool not tracking on each individual expense.

Maybe it could be an additional feature that could be turned on and off in settings
* Add category to chart of accounts

Then the optional category field would appear in the chart of acounts and it would also activiate any reports by category options in reporting.

This would really solve many of my current problems, make me more efficient and just enable more flexible reporting without having to design complicated custom reports.
Im sure this suggestion would also be helpful to others, it would be like flexible reporting.

As an alternative to running a full P&L it could be run just as a filter for a particular category.

Or perhaps they only want to run a P&L for certain critical expenses this is how the category field could be used as a reporting category or by category.

Personally I would benefit from having 2 optional reporting categories types.
1) Reporting critical expenses (i.e. I would tag my critical income and expenses in one reporting category (specific for reporting and matching certain income and expenses to report these in a different way/order to the full P&L
2) The 4 general categories of expense for the business (broader - general, encompassing all expenses)