Add a category to your Draft transactions to save them as Completed. Categories help you mark your business income and expenses for tax reporting.
NOTE:
You can't create your own custom categories. Use the categories provided in Sage Sole Trader. Learn more about Self Assessment tax categories.
Before you begin
You can add categories at several stages of processing:
When creating a new manual transaction (Money in or Money out)
Processing an imported bank feed transaction
While editing a draft transaction
NOTE:
If you use automatic categorisation, Sage Sole Trader suggests categories for some transactions. Always review the suggested category and change it if it doesn’t look right. You’re responsible for the final category used.
Cause
Resolution
Open your transaction from Draft transactions.
Select the dropdown under Category.
Scroll through the list of categories and select the category that matches your transaction type.
TIP:
Money moved between your own bank accounts isn’t income or an expense. Where available, record these as transfers so they don’t affect your business totals.
Select Save.
You have successfully added a category. The saved transaction will appear in the Completed transactions screen.
TIP:
You can toggle Show descriptions if you want to see the categories without descriptions.