Cashflow categories

Last modified: 16 Dec 2024

Cashflow categories are predefined classifications used to sort individual bank transactions based on their nature, such as taxes, operational expenses, capital expenses, etc. All bank transactions need to be mapped to a category to visualize your data. Cashflow categories are also essential for creating financial models and the resulting forecasts. To learn more about the whole cashflow workflow see Cashflow.

Recommendation

When getting started, we recommend comparing the cashflow categories you currently use with the ones in mc Assetpilot.

General information on cashflow categories

Main categories are provided by default and can not be deleted.

The main categories are:

Income
Operational expenses
Capital expenses
Financing
Depreciation and amortisation
Other costs
Taxes

The main categories are also divided further into subcategories by default.
Select Expand to view subcategories.

Example

The category Taxes contains the default subcategories Property taxes and Income taxes.

To accurately represent your company’s cashflow, you may require additional subcategories. You can easily add these in mc Assetpilot.

Example

You could create the subcategories “Software licensing” and “Onsite security” under the main category Operational expenses.

You can edit or delete any category you have created. However, if a category is already in use, you can not delete it from the list.

Example

If you have created the subcategory “Software licensing” and have mapped transactions to it, it can not be deleted.

Create a new cashflow subcategory

Prerequisites

You are the organization owner or an admin.

Steps

Navigate to the organization level and select Settings > Categories.
Hover over the desired category, select the Plus icon.
Give the new subcategory a name.
Select Create.
The new subcategory will now appear in the list and can be used to map your transactions.

Example

Add the subcategory “On-site security” under the main category Operational expenses.

Further actions

Add additional subcategories in the same manner if needed.
Delete or Edit your custom subcategories with the respective icons, if they are not in use.

Note

You can not delete or edit main categories.
You can not delete a subcategory that is already in use, which means you have already mapped transactions with it.