With the help of categories, you can indicate the reason for the transaction, for example, that a specific income is the sale of a product, and a specific expense is the payment of rent.
It is also recommended to use categories when transferring from one account to another. Thus, it will be possible to separate one type of transfers from others in reports.
Creating new category
Click on Categories in the top menu to open the list of categories. Then click on Add… to open the form for creating a new category.
Fill in the fields and select the color that will identify the category on the charts, then click the Add category button to save the data.