We have made a few changes recently to our category model at Ember. This article walks you through those changes!
Here’s a breakdown of the updated categories:
Sales: Now includes Sales and Investment property income. This is because Ember does not support businesses that are involved in investment properties.
Vehicles: Now includes both Cars and Vans
Employee benefits: Now combines several items, including Staff rewards, Gift cards, Tickets & vouchers, Employee accommodation, Employee loans, Employee relocation, Employee medical, Employee education, and Tax paid for employees
Consultants & subcontractors: Now includes Subcontractors and Consultancy
Repairs & maintenance: Now includes Building repairs & maintenance and Investment property expenses. This is because Ember does not support businesses that are involved in investment properties. This category can now be used to represent repairs to equipment you use in your business.
Travel & subsistence: Now covers Meals at clients, Meals working Late, Office snacks, and Travel for business
Software & subscriptions: Now brings together Software subscriptions, Subscriptions for business, and Subscriptions for employees
Director’s loan: Previously, there were four separate categories that all represented the same basic concept—Money owed to director, Director’s loan liability, Director’s loan asset, and Money director owes business. Now, all of these are simply under Director’s loan, making it much clearer and easier to manage.
These changes will be reflected in your reports, as the categories are now more consolidated. We’ve been thorough in validating each transition to ensure that all the updates align with your needs. We've audited each transition to ensure the accuracy and integrity of your reports remain unaffected by the new updates.
This streamlined categorisation, combined with our new grouping feature, marks a significant step forward. It enhances our system’s ability to learn from your preferences, minimising the need for manual adjustments and significantly reducing the time required to categorise items.
We’re excited for you to experience a more seamless categorisation process that helps you stay in control of your finances with ease!
Stay tuned—more improvements are on the way to make financial management even smarter and more intuitive. 🎉