User-defined custom categories: Charitable contributions, etc

So tax-related expenses that are not necessarily for a specific property can be logged and tracked:
-Charitable contributions
-Etc.

12 Likes

This is what I was trying to suggest as well.
Enabling the user-defined categories would be extremely helpful. There are some good income and expense categories already provided in the system, but they don’t cover all the scenarios. So currently I either have to track that somewhere else (which defeats the purpose of using a single system to track everything), or group that into one of the existing categories, even though it doesn’t fit (which would make it less accurate when you start running reports).
So please consider to allow users to add new income and expense categories, similar to what quickbooks allow you to do. That would be tremendously helpful!
Thank you!

5 Likes

Also, the underlying technology is Yodlee.com and yodlee allows user defined transactions.
Paul Lavallee
pblavallee@gmail.com
508-942-2530

2 Likes

I have warranties on each of my rental properties, primarily for the sewer lines. It’s voluntary, so it’s not quite insurance, yet there’s nowhere in Admin & Other to categorize it. Could you add a category for home warranties that hits in Admin expenses?

1 Like

Agree - would be great to have custom categories. In addition, would be nice to have “Property Evaluations/Inspections” as a sub-category of Property Management. I think the only similar category is under legal/pro services / inspections. I consider routine property inspections as separate from professional service inspections such as home, roof or foundation inspections.

1 Like

My accountant has specific categories she would like me to use to report expenses to her. Most of them fall under a “supplies” category. There is no good category to use for this. I’d like to either be able to create my own custom category or to have a “supplies” category added. Below are the categories she wants me to use… so if I use the “consumables” or R&M supplies categories it will inflate my R&M expenses.

Advertising
Auto and travel
Cleaning and maintenance
Commissions
Insurance
Legal and other professional fees
Management fees
Mortgage interest paid to banks, etc.
Mortgage interest paid to individuals
Other interest
Repairs
***Supplies
Taxes
Utilities
Dependent care benefits
Employee benefits
Other Expenses (Description):

2 Likes

I agree

All the best,

Paul Lavallee
508.942.2530

| caoconnor24
July 9 |

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My accountant has specific categories she would like me to use to report expenses to her. Most of them fall under a “supplies” category. There is no good category to use for this. I’d like to either be able to create my own custom category or to have a “supplies” category added. Below are the categories she wants me to use… so if I use the “consumables” or R&M supplies categories it will inflate my R&M expenses.

Advertising
Auto and travel
Cleaning and maintenance
Commissions
Insurance
Legal and other professional fees
Management fees
Mortgage interest paid to banks, etc.
Mortgage interest paid to individuals
Other interest
Repairs
***Supplies
Taxes
Utilities
Dependent care benefits
Employee benefits
Other Expenses (Description):

1 Like