What are expense categories?
An expense category is a group that similar costs belong to, so you can see spending by type instead of one long list. In CIPHER CRM you create your own categories, describe what goes in each one so your team files costs the same way, and give each a color that is easy to spot.
CIPHER CRM lets you build the list of expense categories your business uses. Each category has a name, a short description and a color. The description matters more than it looks: it tells your team what belongs in the category, so one person does not file a taxi under Travel while another files it under Transport. The color makes each category easy to pick out when you scan a list of expenses. Businesses change, and so do their costs. When a category stops being useful, you can deactivate it rather than delete it, and past expenses keep the category they were filed under, so old records stay correct. Categories work with the rest of expense tracking, where each cost also carries taxes, tags, assignees and a link to the work it was for. CIPHER CRM includes this in every plan, and most teams are live in 1 to 3 days.