Categories

Recpt uses two short, fixed category lists. There is no custom chart of accounts, and that is on purpose: a short list is faster on site and matches what your accountant needs.

Individuals

The categories follow the ATO's individual return labels:

• D1 Work-related car expenses
• D2 Work-related travel expenses
• D3 Work-related clothing and laundry
• D4 Work-related self-education
• D5 Other work-related expenses
• D9 Gifts and donations
• D10 Cost of managing tax affairs
• Property expenses

Each has sub-categories, for example D1 splits into fuel, rego, repairs, lease, tolls and other.

Small business and sole traders

Business expenses use plain labels that map to the business schedule:

• B1 Materials and supplies
• B2 Subcontractors
• B3 Tools and equipment
• B4 Motor vehicle
• B5 Phone and internet
• B6 Insurance
• B7 Rent and site costs
• B8 Other business expenses

An expense linked to a job always takes a business category.