Categorize invoices

Why should invoices be categorized?

Categorizing invoices is an essential tool for optimizing financial management and accounting. Here are a few reasons why you should categorize invoices:

• Better organization: Categorization makes it easier to sort and filter invoices. This makes it easier to find specific invoices, especially if you have a lot of them.
• Efficient accounting: Categorized invoices help with creating financial reports and simplify accounting, since expenses and income can be clearly assigned.
• Analysis and reporting: Categories enable a detailed analysis of your finances by showing where your income comes from and where your expenses go.
• Tax advantages: Precise categorization can be helpful for tax returns by simplifying the calculation of deductible expenses.
• Time savings: Automated workflows and reporting functions work more efficiently when invoices are clearly categorized.

Here's how it works:

1. Go to the website: https://app.faktoora.com/home

2. Click on "Invoices"

Rechnungen kategorisieren 1

3. Click on "View"

Rechnungen kategorisieren 2

4. Enable "Category".

Rechnungen kategorisieren 3

5. Don't forget to click "Apply".

Rechnungen kategorisieren 4

6. Click the + icon to assign a new category or select an existing one.

Rechnungen kategorisieren 5

7. Click on "Search".

Rechnungen kategorisieren 6

8. Enter your category name, e.g. "Test Category," to search for or create a category.

9. After you have created the category, click on it to assign the invoice to the category.

Rechnungen kategorisieren 7