What are the Untagged lines on Monthly Data?

In each section on the Income Statement and Balance Sheet, there is an ‘Untagged…’ line.  This generally shows the sum of accounts that are not tagged, but it can also show a balance when an account is tagged in a section different to where it displays in the CSV file.  For example, an account is tagged as a Direct Cost ‘Wages’ but it is in the Indirect Cost section in the Income Statement CSV file. It can also show a balance when the CSV file has been manually edited, and the section total does not match the details above it.

Not all accounts have to be tagged, although we prefer them to be because it reduces the chance of a necessary tag being missed.  Some items do have to be tagged (headers and all the sub-tags), but for the rest, you have the choice of using an ‘Optional – Other’ tag or not.  If you use the optional tag, the item appears as its own line on the Monthly Data screen. If you do not use the optional tag, the amount that is not tagged gets added to the ‘Untagged…’ line.

So the Untagged line is the total of the section (header tag) less all the items that have been tagged.

If all your accounts are tagged (whether via a sub-total or individual lines), you should check each month after loading data that the ‘Untagged…’ lines in each section are zero.  This means there are no untagged accounts.

In the Miscellaneous section of the Income Statement, the untagged line is called ‘Net Miscellaneous Revenue/Expense’.  This section is for Other Income/Other Expenses and cannot all be tagged because there is not an ‘Other’ (optional) tag.