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Tags are a great way to categorize additional information in your financials without modifying your whole chart of accounts! They work really well when you need to create a "miniP&L" for an activity in your business. Tags can be used to increase customization and reporting transparency!

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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.