Help for MyCorbu Architectural Bookkeeping
Categories are used when documenting an expense. All types of Expenses are supported in the MyCorbu BOOKS subscription.
MyCorbu BOOKS' Bookkeeping feature is intended to capture all of your expenses. In the list of categories below, you should consider using "Reprographics, Travel, Permits and Models" for reimbursable expenses and for other types of expenses as well. When adding Categories on the Add Category form, "tag" those that you want to show to your staff when they are entering reimbursable expenses. You do this by checking the 'Yes' radio button under "For Reimb Exp Only".
The overall list is a starting point for all the categories that your organization might need.
Keep the number of Expense Categories to the minimum that you must have. There are 13 or so categories that the IRS recognizes. You will need a few more for reimbursable expenses and a few others to make sense of your expenses.
IMPORTANT TIP! - Sort By Numbers
Income - Sort by numbers from 0 - 10 only show in the Add Income Form.
Expense - Sort by numbers from 11 - 1,000+ only show in the Add Expense Form.
Besides limiting what Categories are available for selection, the Sort By Numbers allow you to determine the order in which they appear in the list. They always appear in order from lowest to highest number.
It is helpful to assign numbers that are not consecutive so that later entries do not require renumbering every entry. Consider using increments of 5 or 10.
Here are two sources that will help you see other category options and their
ramifications for tax deduction documentation.
Revised: May 1, 2018
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