Why is it important?

The Category Activity report gives you an overview of your nominal account balances. It is important for spotting balances that look wrong, where it may be too high or too low. This helps you to find accounting errors and fix them.

The Category Activity report is also important for forecasting and analysis. For example, you may run a report of this year’s balances and one of last year’s balances to compare costs, expenses, and income. This data is critical for budgeting and to help you make important financial decisions about your business.

What's on the report?

The Category Activity report shows the opening and closing balance as well debit and credit balances for each account.