Holvi’s bookkeeping groups give you a better understanding of your business performance by filtering your bookkeeping categories into helpful groups.
When your categories are sorted into business and non-business groups, Holvi can dish out finance reports that are tidy and true – so you get the best possible business insights while staying ready for tax time. Note that only business-related groups factor into your business reporting, but you can also download account statements and other reports to help you analyse all your account activity.
Think of groups as higher level categories. Within each group, you can add new bookkeeping categories. For example, spending money on a software subscription? You can create a new category for Subscriptions within the Business expense group!
Holvi’s bookkeeping groups
- Business income
- Business expense
- Other income
- Other expense
If you’re a freelancer or sole trader, you’ll also have these groups:
- Personal income
- Personal expense
Can I add new bookkeeping groups?
No, you can’t add new groups. Groups determine which transactions go into your reports, so in order to make sure your reports stay accurate, groups are fixed. However, you can create new categories within groups.