What is Spend Category?

Spend categories are what Individuals use to track their monthly finances. Accounts can track money coming in (income or revenue) and going out (expenses). They can also track the value of things (assets), like vehicles and equipment.

There are five basic account types:

  • Assets
  • Liabilities
  • Income
  • Expenses
  • Equity

Accounts are part of the Spend Categories, the unique list of accounts each individual user puts together to do their accounting.