categories

categories.js

const defaultCategories = [
  {
    name: 'Revenue',
    description:
      'Income generated from the core business activities and other sources. Examples: product sales, SaaS subscriptions, consulting fees, software licensing, interest from business savings, dividends from investments, rental income from business property, gains from selling company assets, and miscellaneous income.',
    color: 'green',
    children: [
      {
        name: 'Sales',
        description:
          'Revenue from selling goods or services directly to customers. Examples: retail product sales, service fees, e-commerce transactions.',
        color: 'green',
      },
      {
        name: 'Subscriptions',
        description:
          'Recurring revenue from subscription-based offerings. Examples: monthly SaaS fees, membership dues, recurring content access.',
        color: 'green',
      },
      {
        name: 'Consulting',
        description:
          'Revenue from providing consulting or advisory services. Examples: business strategy sessions, IT consulting, freelance project work.',
        color: 'green',
      },
      {
        name: 'Licensing',
        description:
          'Revenue from licensing intellectual property, software, or content. Examples: software license fees, royalties from patents, media licensing.',
        color: 'green',
      },
      {
        name: 'Interest',
        description:
          'Income from interest earned on business loans, deposits, or investments. Examples: interest from business savings accounts, interest on loans to others.',
        color: 'green',
      },
      {
        name: 'Dividends',
        description:
          'Income from dividends paid on stocks or other investments held by the business. Example: quarterly dividends from equity holdings.',
        color: 'green',
      },
      {
        name: 'Rental',
        description:
          'Revenue from renting out business-owned assets. Examples: leasing office space, equipment rental income.',
        color: 'green',
      },
      {
        name: 'Gains on Assets',
        description:
          'Profit from selling business assets above their book value. Examples: selling old company vehicles, selling real estate at a gain.',
        color: 'green',
      },
      {
        name: 'Other',
        description:
          'Miscellaneous revenue sources not covered above. Examples: rebates, one-off grants, insurance claim proceeds.',
        color: 'green',
      },
    ],
  },
  {
    name: 'Administrative & Office',
    description:
      'General overhead and operational costs required to run the business. Examples: office rent, utility bills, insurance premiums, office supplies, internet and phone services, bank charges, business licenses, and software subscriptions.',
    color: 'blue',
    children: [
      {
        name: 'Rent & Lease',
        description:
          'Expenses for renting or leasing business premises or equipment. Examples: office rent, warehouse lease, copier lease.',
        color: 'blue',
      },
      {
        name: 'Utilities',
        description:
          'Payments for essential services. Examples: electricity, water, gas, waste disposal.',
        color: 'blue',
      },
      {
        name: 'Insurance',
        description:
          'Premiums for business insurance policies. Examples: general liability, property insurance, professional indemnity.',
        color: 'blue',
      },
      {
        name: 'Office Supplies',
        description:
          'Purchases of consumable office items. Examples: paper, pens, printer ink, stationery.',
        color: 'blue',
      },
      {
        name: 'Internet & Phone',
        description:
          'Costs for business internet and telephone services. Examples: broadband subscription, VOIP service, mobile plans.',
        color: 'blue',
      },
      {
        name: 'Bank Fees',
        description:
          'Charges from financial institutions. Examples: monthly account fees, wire transfer charges, overdraft fees.',
        color: 'blue',
      },
      {
        name: 'Permits & Licenses',
        description:
          'Fees for obtaining or renewing business permits and licenses. Examples: business registration, health permits, professional licenses.',
        color: 'blue',
      },
      {
        name: 'Software',
        description:
          'Expenses for business software and SaaS tools. Examples: productivity suite subscriptions, accounting software, CRM tools.',
        color: 'blue',
      },
    ],
  },
  {
    name: 'Personnel & Labor',
    description:
      'All costs related to employing or contracting people to work for the business. Examples: employee salaries, contractor payments, benefits, training, recruitment, payroll taxes, and social security contributions.',
    color: 'red',
    children: [
      {
        name: 'Salaries & Wages',
        description:
          'Payments to employees for their work. Examples: monthly salaries, hourly wages, overtime pay.',
        color: 'red',
      },
      {
        name: 'Freelancer and Contractors Fees',
        description:
          'Payments to non-employee workers. Examples: freelance developer fees, consultant invoices, outsourced design work.',
        color: 'red',
      },
      {
        name: 'Employee Benefits',
        description:
          'Non-wage compensation for employees. Examples: health insurance, retirement contributions, paid leave.',
        color: 'red',
      },
      {
        name: 'Employee Training',
        description:
          'Costs for staff development. Examples: workshop fees, online course subscriptions, conference tickets.',
        color: 'red',
      },
      {
        name: 'Recruiting & Hiring',
        description:
          'Expenses for finding and onboarding new staff. Examples: job ad fees, recruiter commissions, background checks.',
        color: 'red',
      },
      {
        name: 'Payroll Taxes',
        description:
          'Employer-paid taxes on employee compensation. Examples: social security, Medicare, unemployment insurance.',
        color: 'red',
      },
      {
        name: 'Social Contributions',
        description:
          'Mandatory or voluntary contributions to social programs. Examples: pension fund payments, union dues.',
        color: 'red',
      },
      {
        name: 'Other',
        description:
          'Other personnel-related expenses. Examples: staff events, uniforms, employee appreciation gifts.',
        color: 'red',
      },
    ],
  },
  {
    name: 'Marketing & Sales',
    description:
      "Expenses to promote, advertise, and sell the business's products or services. Examples: ad campaigns, website hosting, social media management, PR, market research, and event sponsorships.",
    color: 'orange',
    children: [
      {
        name: 'Advertising',
        description:
          'Spending on paid promotion. Examples: Google Ads, Facebook ads, print ads, billboards.',
        color: 'orange',
      },
      {
        name: 'Website & Hosting',
        description:
          'Costs for maintaining the business website. Examples: domain registration, web hosting, CMS subscriptions.',
        color: 'orange',
      },
      {
        name: 'Social Media',
        description:
          'Expenses for social media presence. Examples: paid posts, influencer partnerships, social media tools.',
        color: 'orange',
      },
      {
        name: 'Public Relations',
        description:
          'Spending on PR activities. Examples: press release distribution, PR agency fees, media monitoring.',
        color: 'orange',
      },
      {
        name: 'Market Research',
        description:
          'Costs for gathering market intelligence. Examples: customer surveys, focus groups, competitor analysis.',
        color: 'orange',
      },
      {
        name: 'Trade Shows & Events',
        description:
          'Participation in industry events. Examples: booth fees, event sponsorship, travel for conferences.',
        color: 'orange',
      },
    ],
  },
  {
    name: 'Cost of Goods Sold',
    description:
      'Direct costs of producing goods or services sold by the business. Examples: raw materials, direct labor, packaging, and shipping costs.',
    color: 'purple',
    children: [
      {
        name: 'Raw Materials & Inventory',
        description:
          'Purchases of materials and inventory for production. Examples: wholesale goods, manufacturing components, stock replenishment.',
        color: 'purple',
      },
      {
        name: 'Production Labor',
        description:
          'Wages for workers directly involved in production. Examples: factory worker pay, assembly line wages.',
        color: 'purple',
      },
      {
        name: 'Packaging',
        description:
          'Costs for packaging finished goods. Examples: boxes, labels, packing materials.',
        color: 'purple',
      },
      {
        name: 'Shipping & Freight',
        description:
          'Expenses to deliver goods to customers or warehouses. Examples: courier fees, freight charges, import/export shipping.',
        color: 'purple',
      },
    ],
  },
  {
    name: 'Professional Services',
    description:
      'Payments to external professionals for specialized services. Examples: accounting, legal advice, business consulting.',
    color: 'pink',
    children: [
      {
        name: 'Accounting & Tax Services',
        description:
          'Fees for accounting, bookkeeping, and tax preparation. Examples: annual tax filing, monthly bookkeeping, audit fees.',
        color: 'pink',
      },
      {
        name: 'Legal Services',
        description:
          'Payments for legal advice or representation. Examples: contract drafting, litigation, intellectual property filings.',
        color: 'pink',
      },
      {
        name: 'Consulting Services',
        description:
          'Fees for business or technical consulting. Examples: management consulting, IT strategy, HR advisory.',
        color: 'pink',
      },
    ],
  },
  {
    name: 'Travel & Meals',
    description:
      'Expenses for business-related travel and meals. Examples: airfare, hotel stays, business lunches, car rentals, fuel, parking, and tolls.',
    color: 'brown',
    children: [
      {
        name: 'Flights & Public Transit',
        description:
          'Costs for air travel and public transportation. Examples: airline tickets, train fares, subway passes.',
        color: 'brown',
      },
      {
        name: 'Lodging',
        description:
          'Expenses for overnight stays. Examples: hotel rooms, Airbnb rentals, business travel accommodations.',
        color: 'brown',
      },
      {
        name: 'Business Meals',
        description:
          'Meals with clients, partners, or employees for business purposes. Examples: client dinners, team lunches, coffee meetings.',
        color: 'brown',
      },
      {
        name: 'Car Rental',
        description:
          'Rental of vehicles for business travel. Examples: rental car fees, van hire for events.',
        color: 'brown',
      },
      {
        name: 'Fuel',
        description:
          'Fuel purchases for business vehicles or travel. Examples: gas station receipts, diesel for delivery vans.',
        color: 'brown',
      },
      {
        name: 'Parking & Tolls',
        description:
          'Fees for parking and road tolls during business travel. Examples: airport parking, city parking meters, highway tolls.',
        color: 'brown',
      },
    ],
  },
  {
    name: 'Capital Expenditures & Depreciation',
    description:
      'Major purchases that provide long-term value and are capitalized on the balance sheet. Examples: buying equipment, vehicles, office furniture, or property. Depreciation is the allocation of these costs over their useful life.',
    color: 'gray',
    children: [
      {
        name: 'Equipment',
        description:
          'Purchases of business equipment. Examples: computers, servers, manufacturing machinery.',
        color: 'gray',
      },
      {
        name: 'Vehicles',
        description:
          'Acquisition of vehicles for business use. Examples: company cars, delivery trucks, vans.',
        color: 'gray',
      },
      {
        name: 'Furniture',
        description:
          'Buying office or facility furniture. Examples: desks, chairs, conference tables.',
        color: 'gray',
      },
      {
        name: 'Property',
        description:
          'Purchasing land or buildings for business operations. Examples: office buildings, warehouses, land for expansion.',
        color: 'gray',
      },
    ],
  },
  {
    name: 'Financial Costs',
    description:
      'Expenses related to borrowing, financing, and payment processing. Examples: loan interest, credit card interest, and payment processor fees (Stripe, PayPal, etc).',
    color: 'yellow',
    children: [
      {
        name: 'Loan Interest',
        description:
          'Interest paid on business loans or mortgages. Examples: monthly loan interest, mortgage interest for office property.',
        color: 'yellow',
      },
      {
        name: 'Credit Card Interest',
        description:
          'Interest charges on business credit card balances. Example: monthly credit card interest fees.',
        color: 'yellow',
      },
      {
        name: 'Payment Processing Fees',
        description:
          'Fees charged by payment processors. Examples: Stripe transaction fees, PayPal fees, merchant account charges.',
        color: 'yellow',
      },
    ],
  },
  {
    name: 'Taxes & Compliance',
    description:
      'Mandatory payments to government authorities and compliance-related costs. Examples: VAT, sales tax, business income tax, property tax, franchise tax, and other regulatory taxes.',
    color: 'green',
    children: [
      {
        name: 'VAT/Sales Tax',
        description:
          'Payments for value added tax (VAT), goods and services tax (GST), or sales tax. Examples: quarterly VAT remittance, sales tax collected and paid.',
        color: 'green',
      },
      {
        name: 'Business Income Tax',
        description:
          'Taxes on business profits. Examples: annual corporate income tax, estimated tax payments.',
        color: 'green',
      },
      {
        name: 'Property Taxes',
        description:
          'Taxes on business-owned real estate. Example: annual property tax bill for office building.',
        color: 'green',
      },
      {
        name: 'Franchise Taxes',
        description:
          'State or local taxes for the privilege of doing business. Example: annual state franchise tax.',
        color: 'green',
      },
      {
        name: 'Other Taxes',
        description:
          'Other tax payments not listed above. Examples: excise taxes, environmental fees, local business levies.',
        color: 'green',
      },
    ],
  },
  {
    name: 'Other Expenses',
    description:
      "A catch-all for business expenses that don't fit neatly into the above categories. Examples: professional association dues, magazine subscriptions, charitable donations, and business gifts.",
    color: 'black',
    children: [
      {
        name: 'Dues & Subscriptions',
        description:
          'Membership fees and subscription costs. Examples: trade association dues, magazine subscriptions, online service subscriptions.',
        color: 'black',
      },
      {
        name: 'Charitable Contributions',
        description:
          'Donations to charitable organizations. Examples: donations to non-profits, sponsorship of charity events.',
        color: 'black',
      },
      {
        name: 'Business Gifts',
        description:
          'Gifts given for business purposes. Examples: holiday gifts to clients, thank-you gifts to partners.',
        color: 'black',
      },
    ],
  },
  {
    name: 'System',
    description:
      'Special system categories for internal bookkeeping and fallback purposes. Examples: internal transfers between accounts, uncategorized transactions.',
    color: 'gray',
    system: true,
    children: [
      {
        name: 'Internal Transactions',
        description:
          'Transfers or adjustments between business accounts. Example: moving funds from checking to savings.',
        color: 'gray',
        system: true,
      },
      {
        name: 'Uncategorized',
        description:
          'Fallback for transactions that do not match any other category, including those not fitting "Other Expenses". Example: unknown or unclassified expenses.',
        color: 'gray',
        system: true,
      },
    ],
  },
]