Categories are labels you create and define so that you can:
Examples of categories you can create for tracking purposes include separate departments within your company, specific services or geographical divisions. For instance, various categories could be set up to represent different divisions within an automobile dealership:
New Car Sales
Pre-owned Car Sales
Service
Parts
Accessories
When entering a transaction, the appropriate category is assigned to it. A profit and loss statement can then be prepared for each of these categories. This is an easy way to compare each division's profitability and performance.
Turning Category Tracking On and Off
Note: This task requires single-user access. See Single-user file locking for more information.
To display the Category field on all your transaction windows and assign transactions to categories, mark the preference Turn Category Tracking On in the System view of the Preferences window.
If you want to use categories to track information seasonally or for a particular time period, you can mark this preference at the beginning of the period so the field displays throughout your MYOB AccountEdge system. Then unmark the preference when the period is over so the Category field no longer appears.
Warning: Turning off category tracking deletes all categories and their history
Category reports
When you assign transactions to categories, you can generate a full set of reports for each category or for all categories:
Warning: Deleting a category removes all references to it
Category Activity [Summary] report
Category Activity [Detail] report]
Category Transactions report
Category Profit & Loss Statement report
Category Balance Sheet report
Category Trial Balance [Summary] report
Category Trial Balance [Detail] report
Category History report
Categories List report
These reports include information only from transactions that were assigned to categories. Though this may seem obvious, it is important to remember this point as you use categories and track Category reports.
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