All Help Topics
All Help Topics

What are Uncategorized Accounts?

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.