Skip to main content

Separating Business and Personal Spending

Recommendations on how to separate business and personal spending.

Kai avatar
Written by Kai
Updated over 2 weeks ago

Specific Spending Categories

You can create specific categories to separate these spendings. For example, you can add a parentheses after the category name to label the type of spending the category is for. Like "Restaurant (Personal)" and "Restaurant (Business)".

Excluded Categories

If you do not want your business spending to impact your budget, you can create excluded categories for your business spending. Excluded categories allow you to see Key Metrics, including YTD spending total, previous years spending total, and average spending per month.

Group of Categories

Instead of using individual categories for business and personal expenses, you can group all of your business or personal categories together and use an unassigned budget for all subcategories.
​

Tags

You can use Tags to track business spending instead of using separate categories. With Tags, you can also view monthly spending totals in the Transactions tab by filtering transactions by tag. Keep in mind these transactions will be in the same category as your other personal spending.

Excluded Transactions

You can exclude business transactions as well. This can be helpful if you're using a personal card to pay for these expenses and you're being reimbursed within your paycheck, but do not want to split the paycheck transaction to show your reimbursement amount and the remaining income amount. You can still tag these excluded transactions if you'd like.

πŸ‘‹ Still have questions? Contact us via the in-app chat.

Did this answer your question?