How to set up your Category List

Applying the correct nominal code to your purchases and expenses is an essential part of accounting. Receipt Bank makes it easy to set up your Chart of Accounts, whether you’re working with a cloud or desktop accounting solution.

In Receipt Bank, we refer to each section of your Chart of Accounts as 'Categories'. You can set them up differently depending on if you're using Receipt Bank with an integrated accounting software.

Learn how to set up your Category Lists:

1. with an integration
2. without an integration

To set up your Chart of Accounts:

1. With an Integration

When you integrate a Receipt Bank account with cloud accounting software, we’ll automatically pull across your Chart of Accounts. View your full list of categories by navigating to Account Settings > Maintain Lists > Categories

Any edits you make to your Chart of Accounts within your accounting package will also take affect within Receipt Bank. We check and renew your Chart of Accounts every 24 hours, but you can also manually update these lists by pressing 'Reload List' within Account Settings > Maintain Lists > Categories.

If you don't want a certain nominal code to be available to view or assign to transactions, you can hide specific Categories by turning the toggle in the ‘Visible’ column to ‘OFF’.

2. Without an integration

Navigate to Account Settings > Maintain Lists > Categories. You'll see a pre-built, default list of nominal codes. Now import or create your own Chart of Accounts:

• Import your Chart of Accounts

Download your Chart of Accounts from your accounting software as a .CSV file. Click the 'Via CSV' button in Receipt Bank and upload this to automatically build your Chart of Accounts.

• Manually Create your Chart of Accounts

Click 'Manual Creation'. Give your Chart of Accounts a name and input each Category name and code individually.