This article will show you how to add, and edit an expense category in the trust.
Once you've logged in to Trustworks, select the trust you wish to Add an income category to, click on Assets and Liabilities.
Left click on "I would like to ...", Under Account management select "Add an income category"
Add an income category
Income accounts represent different categories of income earned by the trust. These can be income from investments or income from tradeable activities.
Name of income category
- The name given here will appear in the Income Category in 'Receive money'. An example of name would be "Income from Rental Agency"
Guiding description of the type of income
- Adding the guiding description helps to clarify if there are multiple income categories. An example could be the trust has multiple accounts.
Any additional notes
Once you have added the expense, it is now available in "Receive money", under Trading Transactions.
Click Assets and Liabilities to return to the main page to proceed to the next step of Receive money. Click here to view the Receive money page.
Edit an income category
To edit a particular income category, click Accounts,
- "filter by category" select Income.
Select the income category you want to edit, click in the dialogue box to the right of the particular expense.
NOTE: You may only edit descriptive details of an account. Transactions are treated separately.
Click on the cogs and select edit