Transaction Categories
Every transaction belongs to a category, such as Fuel, Stationery or Donations. Open School Accounting → Transaction Categories and add the ones you need. Each category is one of four kinds:
| Kind | Use for |
|---|---|
| Income | Money the school earns, such as fees or rent received |
| Inflow | Money that comes in but is not earnings, such as a loan or a refund |
| Expense | Money the school spends on running costs |
| Outflow | Money that goes out but is not an expense, such as a loan repayment |
A category's kind cannot be changed later, and a category that has been used cannot be removed.