Creating Your Custom Categories

One of the great features of Billroo is the ability to fully customize categories for your income and expenses. Whether you prefer broad categories or more specific ones, we've got you covered.

You can create custom categories while setting up or editing your budget on the Budget page. You will need to set a Name, Duration (e.g. monthly/weekly) and Monthly Budget Amount, however you can change/adjust any of these afterwards.

• On the App: Just press the + sign to create a new category. This category will then be available for categorizing transactions.

• On the Desktop: Click the + Add New Category button to create a new category. This will also be available for categorizing transactions.

💡 Good to know: If you're in your Transaction screen and want to recategorize a transaction, you can create a new Category immediately, without needing to go to your Budget screen. This will then also be in your Budget for future use and tracking.

You can use subcategories to group expenses together while still having individual budgets. For example, you might have a Category called "Utilities" with the sub-categories of "Electricity", "Water" and "Internet".

To create a subcategory

• On the App: Select the Category you wish to add a subcategory to. Scroll down to Subcategories and press the +Add sign to create a new subcategory. Once created, you can also drag and drop the subcategories into an order of your choosing.

• On the Desktop: Scroll to the section of your Budget you wish to add a subcategory to (e.g. Income, Expenses, Savings). Select + Add Subcategory button below this section to create a new subcategory. You will need to select a parent Category for the subcategory to appear under. Once created, you can drag and drop the subcategories into an order of your choosing.

If the total combined value of the subcategories is a greater $ value than the overall category, the system will prompt you to increase the Category budget to match.

On the Overview screen you'll be able to see both the overall Category budget and actuals, as well as budget and actual for each subcategory.

In addition to custom categories, you can utilize the tagging function to group specific transactions together. This allows you to keep each transaction in its specific category while still being able to track related transactions easily.

With these tools at your disposal, managing your income and expenses in Billroo has never been easier! Happy budgeting!