The assigned category

1 year 3 months ago #2284 by arimakidd
The assigned category was created by arimakidd
Under 'Transactions Types' for Assigned what is the difference and implications on the reports between 'Purchases' and 'Payments'?

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1 year 3 months ago #2287 by da8iwr
Replied by da8iwr on topic The assigned category
Hi There,
Purchase is usually linked to a contact, so you would assign that to them,

Payment is usually not, so for example, it could be payment used to pay money off your credit card, or something else.

I would ask an accountant in your local area if there is a benefit of using either, over here in the UK it could change things if not allocated correctly.

Regards
Ian

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