Category Management is a crucial tool for organizing and controlling business expenses.
By categorizing transactions, you can better understand where money is being spent, identify trends, and make more informed financial decisions.
This approach allows businesses to allocate budgets effectively, track spending across different areas, and ensure compliance with financial policies.
How to Create a Category on Bujeti:
Step 1: Log in to your Bujeti account.
Step 2: Navigate to the Compliance section and click on Categories.
Step 3: Click on Create a Category to begin setting up a new category for your expenses.
Step 4: Name the category in a way that clearly identifies its purpose (e.g., "Travel Expenses," "Office Supplies," "Marketing Costs").
Step 5: Add a Description to provide more context or details about what should be included in this category.
You also have the option to set a Category Limit, which caps the amount that can be spent within this category. This is particularly useful for controlling costs and staying within budget.