What are Uncategorized Accounts?

By |2021-08-11T14:54:47-05:00August 11th, 2021|0 Comments
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Are Uncategorized Income and Uncategorized Expense the same as miscellaneous income and expense? If not, how are they used?

Uncategorized Income/Expense is similar to the Miscellaneous accounts. They can be used interchangeably. You typically use the Miscellaneous accounts to record transactions that are not “assigned” to a specific account. The Uncategorized accounts are used in the same manner.

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