FINSYNC uses an Attributes system to help you better understand how different parts of your company are performing financially. You can add attributes to both Income and Expenses.
The following Attributes are available:
- Projects - Understand how profitable each project you run is and use past projects to help you make better budgets.
- Associates - Associates are your team members. Adding an Associate to an income or expense transaction may help you to track costs or income associated with that person's work.
- Customers - Customers are those who you invoice or request payments from.
- Vendors - Vendors are those who you pay money to whether you are paying a bill, a 1099 employee, etc.
- Departments - A very customizable way to track profitability from different parts of your company if you have different lines of business such as consulting and subscriptions.
- Locations - Does your business have multiple physical locations, use locations to understand how each location is doing comparatively.
Note: Under the Reports tab, you can look at a comparative Income Statement where your Associates, Departments, or Locations are laid out side by side.
Related Articles:
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How to Create Departments & Locations for Attributes