Easy Invoice Manager Provides Category Labels on Invoices

Created by jl gates, Modified on Sat, 7 Jan, 2023 at 11:41 AM by jl gates

In each invoice detail page you can assign a invoice with a category label. 



Transactions in accounting often have categories to help classify and organize them. In many accounting systems, transactions can be assigned to one or more categories, such as "sales," "marketing expenses," or "operating expenses." These categories can be used to track and analyze the various types of transactions that occur within a business, and can be used to generate reports and other financial statements.


Yes, another way to classify and organize transactions in accounting is by using general ledger (GL) account descriptions. In many accounting systems, transactions can be assigned to specific GL accounts, which are used to track the financial activity of a business.


GL accounts are typically organized into a chart of accounts, which is a list of all the GL accounts used by a business. The chart of accounts typically includes asset accounts, liability accounts, equity accounts, revenue accounts, and expense accounts. Each GL account is assigned a unique account number and a description, which can be used to identify and classify the transactions that are recorded in that account.


Using GL account descriptions to classify transactions can help you track and analyze the financial activity of your business, and can be useful for generating reports and other financial statements.

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