We’re excited to announce categorising transactions is now faster, easier, and more intuitive for you!
As part of our continuing march to fulfilling our mission, we've simplified things by consolidating some categories that weren’t adding much value on their own. This update reduces the number of categories, making it easier for you to find what you need while creating clearer and more impactful reports.
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.
We’ve also refined our payroll categories to pave the way for more automated and accurate payroll reconciliations. These changes will make it easier to understand payroll-related entries while setting the foundation for even more advanced improvements in the future.
Here’s what’s changing:
Name change
Pension Contributions Owed is now Pension contributions due (Balance Sheet report)
PAYE & NI Owed to HMRC is now PAYE & NI due (Balance Sheet report)
Name and context change
Employer Pension Contributions is now Employee & employer pensions (Profit & Loss report)
Employer National Insurance is now PAYE & NI (Profit & Loss report)
Combination
We have also combined Employee salaries & wages and Director salaries & wages into Salaries & wages (take home).
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 you 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!🚀