I’ll publish a new version of CapitalBe in the near future. Got a quick question regarding financalese to our native speakers.
CapitalBe knows two super categories “Income” and “Spending”. Any transaction has to be filed under one or the other (aside account-to-account transfers). Are those terms OK? I’m a bit wary about “Spending” as it’s similar to the verb form and clashes a bit with its nemesis “Income”.
So, would “Expense” be better?
On my side, I find Income/Expense clearer than Income/Spending
“Expenses” would be the more typical term, yes.
“Expenses” would be the normal term. Or “Expenditure” if you want to sound more upmarket and have both terms in the singular form.
Thanks everyone.
So it’s actually the plural? When you create a transaction with a new category “Groceries”, you’re asked:
Please choose a type for the new category: “Income” or “Expenses”.
I usually see the plural on financial statement sheets, yes. Here’s an example (for a business, so it says “Revenue” instead of “Income”): Income Statement: How to Read and Use It
Michel is correct. The right terminology is income and expenditure.
Thanks everyone. “Expenditure” is a bit too pompous for my taste… 
I’m still a bit unsure about having the type of one category being the singular “Income” and another of “Expenses”, but I trust the natives…
There is a substantial difference between expenses and expenditures. In business accounting, the former is a recurring spending to run the business and does not contribute to the overall value of the business while the latter is a spending for purchasing long-term assets which instead contribute to it like machinery, buildings but also cover operational costs to keep the assets up and running.
For personal accounting I would go for “expenses”, IMO.
Income & Outgoing is also sometimes used…
As best as I can make out on a casual search, Latin would be reditus and inpensa. That would be my vote.
Does Latin have a separate locale setting from the English language? It should have because even Catholic priests in the United States don’t use Latin anymore and were the last holdouts.
That should be la-VA (Latin, Vatican) but I’m not seeing it actually used anywhere. Must be too hot too handle.
Expenses are a sub-set of expenditure, which means all money spent. It is the opposite of income, and therefore the correct word to use here.
IMHO, of course.
I wasn’t very clear. I meant that expenditure is the opposite of income, and therefore the right word.