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SedonaSetup Application General Ledger Setup Tables/Options
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Purpose: |
Define levels for financial reporting of income and expense transactions. |
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Prerequisites: |
None |
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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.
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