Think of them as categories.
It's a way to group certain charges together or even single out certain types of line items that you want to report on later. You can set up your charge types from the Items section in Settings. Anytime you add a charge, you can apply a charge type.
In our reports section, you will have a couple of revenue reports that that break up income by charge type. You can also use charge types in our Custom Reporting.
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