Solved
Categories for Reporting
Hello Our company has a Financial year end of 31 December. As of 1 July this year, one of our 'sister' company will be amalagamated with us. I need to be able to report both divisions seperately ...
Hi Judy01
You may want to have this discussion with your accountant over whether you would be best to avoid using categories until the end of the year or whether you should start using the categories immediately.
One way you could handle getting into the categories with the right amounts for the current financial year would be to use journal entries and potentially a holding account. These journal entries could be used to move the amount out of the account then back again as two separate transactions with the category attached to the second transaction. Do speak with your accountant if your unsure as to how those journal entries should look
