As you spend money, you can sort your expenses into different groups to see where your money is going. It's a good idea to do this at least once a week so that you have the most up-to-date information.

One great thing about your account is that it can automatically sort out any expenses you pay for with your HoneyBook debit card. However, if you pay for expenses by transferring money from your account, you'll need to sort them out manually.

By sorting your expenses into categories, you can create budgets and keep track of your spending habits. Keep in mind that you can't categorize things like payroll or taxes for now, but HoneyBook will introduce those categories soon!

You should make a habit of sorting out expenses that were not paid for using your business debit card. By organizing your expenses into categories, you will always be able to quickly see where your money is going and make adjustments to your future spending.

You do not have to assign categories to expenses that you paid for with your HoneyBook debit card. However, it is important to regularly review them to make sure the categories are correct. If necessary, you can follow the steps below to change the categories of your expenses.

As you use your HoneyBook debit card or transfer money out of your HoneyBook Balance checking account, you can edit or assign expense categories from the app.

From here, the category will be auto-saved. Check out the next section to see how you can reviewed your most-expensed categories.

You'll find which categories you spend the most on over the last 30 days in the Top-spend categories section of your Balance Dashboard. If you tag expenses to projects, you can also learn what kinds of expenses impact your project's profitability.

If you’re ever curious about where you’re spending your money and are on the go, you can review your most expensed categories from the app.

From here, you can see your spending trends over the past 30 days.

There are two levels of expense categories: Tier 1 categories (broad and not too specific) and Tier 2 categories (more distinct and precise). Most Tier 1 categories will have Tier 2 categories. Use Tier 2 categories wherever possible, though a Tier 1 category will be used instead if there isn't a relevant Tier 2 category.

Expenses automatically categorized when you pay for an expense with your business debit card will also use a Tier 2 category whenever possible (and will fall back to a Tier 1 category if needed).

Each section below provides each Tier 1 category and (if available) the Tier 2 categories that are contained within that Tier 1 category.

Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!

HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.