Charge Categories allow your organization to set up a Chart of Accounts by defining the categories to use for charges.
A Charge Category includes a title, charge items, and, optionally, a class program. A charge shows the amount, charge date, and due date for a single transaction, which may include:
Payments against the charge;
Refunds (if issued against a payment connected to the charge).
Click Business Tools > Billing Manager from the left navigation menu.
From the upper right-hand corner, click Billing Setup...
Click Charge Categories > Add New...
Fill out the form as required/desired.
Click Save Changes.