What are custom categories?

Custom categories give Found users an extra layer of customization for tracking income and expenses.

Want to track how much you spend on health insurance? Create a custom category called “Health insurance” to specifically track these expenses. Map that new category to the “Employee benefits” parent category and you’ll both keep track of your insurance expenses and make sure your Schedule C, if you file one, is kept up to date. 

Here’s how to create a custom category:

1. Navigate to the Activity tab.

2. Tap the Settings (...) icon and choose Custom categories from the menu.

3. Choose Expense or Income from the top and tap the Create category button.

4. Give your category a name and optional description.

5. Choose the Parent category to map this custom category to.

6. Select Save to save your changes.

All Found users get access to standard categories as they appear on the Schedule C form, and can create one additional custom category. Found Plus, our optional paid subscription for $19.99 / month or $149.99 / year, gives you the ability to create an unlimited number of custom categories. For more information and to sign up for Found Plus, click here.

FAQs

How do I deactivate a custom category?

To deactivate a custom category, follow these steps:

1. Navigate to the Activity tab.

2. Tap the Settings (...) icon and choose Custom categories from the menu.

3. Tap the … icon next to the category you want to remove.

4. Choose Deactivate category and then Deactivate to confirm.

Deactivating a category removes it from the category list, but does not update any previous transactions that had previously been categorized with that custom category.

Can I create custom categories for personal expenses?

All custom categories must map to a parent category. Parent categories are the IRS-approved categories that appear on the Schedule C form. Found does not currently support custom personal expense categories.