Once you have followed the Getting Started with Incard guide, you can set up your transaction Categories.
Set Up Categories
Go to the "Categories" tab:
Create a New Category: Click the "Create new category" button in the top right corner of the table.
Name Your Category: Specify whether it’s an inflow or outflow for your business. For example, expense categories related to suppliers or SaaS will likely be outflows.
Choose Hierarchy Level: Select the level of hierarchy for your category:
Primary: Create a group that encompasses several categories with similar expense or revenue items.
Subcategory: For more granularity, assign it to a previously created primary category.
Post-Creation Actions
Assign Transactions: Once your categories are set up, go to the Transactions section and manually assign each transaction to a created category.
If you have sent or received funds on Incard from another business bank account, assign the transaction to the "Other business account" category.
You will see these categorized transactions reflected in the Cashflow tab of the Analytics section. This aggregated view of your transactions allows you to track your cash flow in near real-time, with up-to-date data directly from your payments. For more information, see the article Cashflow Analytics.
Spending too much time categorizing each transaction manually? Incard allows you to automate this task, which is explained in the next article, Set up rules for your categories.