SedonaSetup                               General Ledger Setup Tables/Options

Categories

 Purpose:

 Define levels for financial reporting of income and expense transactions.

 Prerequisites:

 None

 Required or Optional:

 Required

The Category table is used to group financial transactions into user-defined categories for reporting purposes.  A Category may be a department within your company, a geographic location, a division of service, or a profit center.  The Category is not mandatory, but highly recommended, and it can provide useful management analytical reporting.  Using Categories is a way of departmentalizing your General Ledger transaction activity.

A Category is assigned to Income and Expense transactions only.

FRM 24032