FrontDesk Master contains set of default categories such as Reservation Payment or POS Sales. Additionally, you can create your own Income and Expense Categories if you want to manage your finances in the system.
Go to Property Settings in the top right corner. Select Financial Settings / Income & Expense Categories:
To create new categories, select the main category, for example, Custom Categories in Expense Categories, then click Add Category:
In addition, you can create subcategories, for example:
You will see your categories in:
Accounts & Transactions
Bills & Vendors