Example
- From the Chart of Accounts page, create a new account with the code 27001 under the Long-term Liabilities account type
- To create a new category to assign to the 27001 Long-Term Liabilities account:
- Go to your Bank Transactions page
- Press the 'ENTER CATEGORY' button
- Type 27001 into the highlighted field
- Select the suggested 'New Category for 27001 Office Mortgage Repayments'
- Create your new category making sure the parent category is correct
- Categorise and confirm your bank transaction with the newly created category
- The confirmed bank transaction will appear as expected in the 27700 Office Mortgage Repayments account