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Financial Planning Software as a Service

Improvement
November 25, 2020

Accounting Terms 👀

Yesterday we introduced a small change to how we label event categories. The goal of this change is to help those familiar with accounting categories make a smoother transition into modeling with Summit.

The "Finance" event type has been renamed "Balance Sheet".

"Product" has been renamed "Cost of Goods".

"Operations" has been renamed "Expenses."

These traditional categories are reflective of the events contained in each category, with the added benefit of bringing the worlds of traditional accounting and Summit together with less mental friction.

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