Subcategories are a powerful way to further organize and refine your expense tracking within a broader category.
By creating subcategories, you can break down large expense areas into more specific segments, allowing for more detailed financial analysis and better budget management.
For example, if you have a parent category called "Marketing," you might create subcategories like "Social Media Advertising," "Print Materials," and "Event Sponsorships." This way, you can track spending within each specific area of marketing, rather than just seeing a lump sum under a broad category.
How to Create a Subcategory 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 Subcategory to start setting up a new subcategory under an existing parent category.
Step 4: Select the Parent Category that your new subcategory will fall under (e.g., "Marketing").
Step 5: Enter a Subcategory Name that clearly defines its purpose (e.g., "Social Media Advertising").
Step 6: Add a Description to provide more context or details about the subcategory, and then click on Create.