Get more accurate financial conclusions out of the Holvi Category Grouping
Via Holvi’s Category Grouping tool, you will get a better understanding of your business expenses to support your calculations related to business profit, mapping your income and expenses and to calculate your VAT.
Our Category Grouping tool allows you to create better and more accurate financial statements and calculations. In order to get your calculations on spot – all you need to do is to map your existing categories to the corresponding Category Group. This will allow you to e.g further differ your personal expenses from the business ones and to get real time calculations with correct information.
The category grouping does not affect your existing categories which are available in your Category dropdown tool. You will in the future be able to create categories as before and to change them as needed per specific transactions. What will change is their mapping; we encourage you to group the categories for clearer and better financial figures and statements.
Please note that items that are not grouped will not be taken into account in the corresponding bookkeeping reports.
Where will I find the tool?
You will find the new Grouping Categories under your Holvi Bookkeeping page -> Categories. From here you can enter the a) categories list page, where you see all your categories in Holvi and b) the category edit details page, from where you can add your categories to the Category Groups.
What’s in it for me?
Via using the Category Grouping you will get better and more accurate info on your:
- Income and expense statement and VAT report
- Understand how much money you have moved to/from your personal accounts
- How much VAT you have to pay to the government