Flippd organizes your expenses into categories that align with common tax deductions. Choose the right category when adding an expense for easier tax preparation.
Available Categories
Category | Examples |
Inventory Purchase | What you paid for items you resell (cost of goods sold) |
Shipping Supplies | Boxes, tape, poly mailers |
Shipping Labels | Postage you pay to ship sold items |
Platform Fees | eBay, Poshmark, Mercari selling fees |
Equipment | Printer, scale, steamer, photo gear |
Booth / Table Rent | Antique-mall booth, market table |
Storage | Storage unit, shelving |
Subscriptions | Listing tools, software, Flippd |
Travel & Lodging | Hotels, flights for sourcing trips (not gas -- use mileage) |
Other | Anything else business-related |
Good to Know
Choose the most specific category that fits -- it makes tax preparation easier
Your accountant will appreciate having expenses pre-categorized
You can customize expense categories in Settings > Customize Data > Expense Categories
There is deliberately no "Gas" category: actual car costs can't be deducted on top of the standard mileage rate Flippd already tracks, so log driving as mileage, not as a gas expense -- see How do I track business mileage for tax deductions?
When you scan a receipt, Flippd suggests a category from your own list
For US businesses, each category is mapped to a line on IRS Schedule C -- see How do I map my expense categories to IRS Schedule C lines?
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