Easy Invoice Manager Provides Category Labels on Invoices

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 help track and analyze the various types of transactions that occur within a business and are used to generate reports and other financial statements.

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 usually 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 help identify and classify the transactions recorded in that account.

In addition to categories and GL account descriptions, businesses can also use purchase order numbers to classify and organize transactions. Adding purchase order numbers allows you to connect individual transactions directly to specific purchase orders, providing clearer tracking of spending, improving audit trails, and supporting more detailed reporting and reconciliation.

Using categories, GL account descriptions, and purchase order numbers together can help you track and analyze the financial activity of your business more effectively and can be very useful for generating reports and other financial statements.