A Transaction Category is a customized configuration you can make if you want to be able to group, describe or identify certain transactions. For example, if you want to differentiate between kinds of fees, you can create categories such a Bounce Fee, NSF Fee, Contract Fee, etc. based on your workflow.
This only applies to manually added Transactions (added to the Deal Tracking page).
TO CREATE: Navigate to the Admin > Setup > Application Configuration page and you'll see a Trans. Category tab. Enter the category name you want to add and click "Add":
TO USE: Go to a Deal Tracking page and navigate to the Transactions section. Trans. Categories only apply to manually added transactions (fees, discounts or manual payments). Click the Add Transaction button, and in the modal choose "Category" from the dropdown menu:
The Transaction Categories will appear in exports and various transactions reporting, so they can be tracked across your deals and payments.
If you have any questions or would like more info about Transaction Categories, please email us a [email protected].