My use case is I have one business with one bank account that has two very distinct departments. Service and rentals. In an ideal world I would be able to classify each transaction based on which department it’s associated with. We only have two employees, so we are looking at getting two different credit cards and labeling them service or rental related to help us.
An ideal goal would be to be able to run a profit loss on the two different classes to see the health of each side of the business. How would you go about doing this in Tiller?
In order to unlock classes in Quickbooks it is $118/mo which is outside of what we are looking to spend on our software so hoping to find a solution here since I use Tiller for my personal finance already.
I think you could probably do that with category groups? There’s a simple P&L template that Tiller made this year you could also use to run your profit/loss reports as well. You should also be able to use AutoCat to categorize stuff by account number as it’s coming in and speed things up for yourself.
Groups is your best bet here. A group for service and a group for rentals and then categories, including separate income catgeories, within each of those groups. The easiest way to generate a P&L for one group but not the other would be to hide all the categories temporarily using the Hide from Reports option on the Categories sheet to view each side of the business by itself.
The other option, still using separate groups to organize them, would be to just use a pivot table to build essentially a cash flow report and use the built in filtering features of the pivot table to configure it to only show data from each group.
