Introducing New and Improved Income and Expense Tracking Tools

Most people don’t start a small business because they love bookkeeping, but it’s an integral part of managing your business back office. According to a recent Found study, 36% of all expenses are uncategorized. Every time you lose track of an expense, you miss out on a chance to potentially reduce your tax bill.

Introducing: New-and-improved income and expense tracking tools

With Found’s built-in bookkeeping and accounting tools, you can track expenses, find write-offs, run reports—and more—all from the Found app.

Expanded income categories

For Found Plus and Found Pro⁴ subscribers who import activity using Found’s connected accounts feature, we’ve made it easier to customize your accounting by introducing new income category options:

• Credit card payment: A payment towards a credit card
• Owner’s pay: Withdrawal of funds to a personal account
• Transfers: Funds transferred to another one of your accounts

You can also set up custom income categories tailored to your business.

Save time with tag rules

Category rules are one of Found’s most popular features, and now we’ve expanded it to tags. Tags are a powerful way to organize your income and expenses beyond categories, which are primarily used for tax purposes or reporting. You can use tags for tracking revenue streams, projects, or clients, or budgeting your business finances.

Now, you can create rules to automatically apply tags to specific transactions. All Found users are able to create up to three custom tags for use across their income and expenses.