The Transaction Categories Page is the place to define default transaction categories for both Income and Expenses.
Expense Categories
As a Pro Verison user, you will be able to capture expenses for your business. These expenses will need to be categorised to make sense to your Accountant. This is where expense Categories come in. You can set up a range of Expense Categories so that you can file your expenses easily as you capture them.
Income Categories
As the business owner, you may want to pull reports to see where the most of your income come from. This is where income Categories could come in handy. The categories you set up here will be accessible in the "Additional Info" tab on all orders so that you can select which Income Category that specific Order falls under. This can then be used in reporting to understand your income streams.