Bank Transaction Cost Types help you categorize your bank transactions in Enlivy.
Each bank transaction can be assigned a Cost Type, making it easier to organize your financial records and determine how a transaction should be processed.
Cost Types can also require a connection to another document, such as an invoice, receipt, payslip, or other accounting records, ensuring that your transactions remain properly linked and traceable.
Open the Bank Transaction Cost Types settings
From the Enlivy dashboard, navigate to Settings → Accounting → Bank Transaction Cost Types.
This page displays all available Cost Types for your organization.
The Bank Transaction Cost Types dashboard
The dashboard lists all existing Cost Types.
Depending on your organization, Enlivy may already include several default Cost Types that you can use immediately.
From this page you can:
- Create new Cost Types
- Edit existing Cost Types
- Delete custom Cost Types
To create a new Cost Type, click Add Bank Transaction Cost Type in the upper-right corner.
Create a new Bank Transaction Cost Type
A popup window will appear where you can configure your new Cost Type.
Complete the Cost Type information
- Title
- The name of the Cost Type. Choose a descriptive title that clearly explains how the transaction should be categorized — for example Purchases of goods/services with VAT, Office Expenses, Utilities, or Employee Salaries.
- Parent Bank Transaction Cost Type
- Optionally choose an existing Cost Type as the parent. This allows you to organize Cost Types into categories and subcategories. If no hierarchy is needed, this field can be left empty.
- Is Connection Required?
- Enable this option if transactions using this Cost Type must be linked to another document before they can be completed. This helps ensure accounting records remain complete and properly connected.
- Connection Types
- Choose which document types can be linked to transactions using this Cost Type. Depending on your configuration, these may include invoices, receipts, payslips, or other supported accounting documents. Multiple connection types can be selected.
Example
In this example, we create a Cost Type named Purchases of goods/services with VAT.
This Cost Type is used for purchases that include VAT and can be linked to both invoices and receipts.
After reviewing the information, click Add Bank Transaction Cost Type.
Cost Type created
Your new Bank Transaction Cost Type is now available.
Return to Settings → Accounting → Bank Transaction Cost Types. You’ll see your newly created Cost Type alongside any existing Cost Types configured for your organization.
These Cost Types can now be assigned to bank transactions, making it easier to categorize expenses and connect them to the appropriate accounting documents.