Custom balance sheet categories now available

We’re delighted to unveil an update to the balance sheet in FreeAgent to make it even more helpful: custom balance sheet categories for you and your clients. This update allows you to create, edit and delete custom assets, liabilities and equity categories within your clients’ accounts.

You may wish to match these custom categories with those you use elsewhere, such as in accounts production software. By keeping categories consistent in and out of FreeAgent, you’re likely to receive fewer questions from clients and save time at year end, as all relevant categories will be standardised.

You can add these new custom categories by going to Settings > Accounting Categories within your clients’ accounts. To find out more about what categories you can create and how, visit our article on the Knowledge Base.

If you have any questions contact our Practice Support team on practicesupport@freeagent.com.