diff --git a/app/Models/Banking/Account.php b/app/Models/Banking/Account.php
index fa92b774c..4a5b51883 100644
--- a/app/Models/Banking/Account.php
+++ b/app/Models/Banking/Account.php
@@ -3,9 +3,12 @@
 namespace App\Models\Banking;
 
 use App\Abstracts\Model;
+use App\Traits\Transactions;
 
 class Account extends Model
 {
+    use Transactions;
+
     protected $table = 'accounts';
 
     /**
@@ -36,12 +39,12 @@ class Account extends Model
 
     public function expense_transactions()
     {
-        return $this->transactions()->where('type', 'expense');
+        return $this->transactions()->whereIn('type', (array) $this->getExpenseTypes());
     }
 
     public function income_transactions()
     {
-        return $this->transactions()->where('type', 'income');
+        return $this->transactions()->whereIn('type', (array) $this->getIncomeTypes());
     }
 
     public function transactions()
diff --git a/app/Models/Banking/Transaction.php b/app/Models/Banking/Transaction.php
index 40002fb37..113a2f36a 100644
--- a/app/Models/Banking/Transaction.php
+++ b/app/Models/Banking/Transaction.php
@@ -8,11 +8,13 @@ use App\Traits\Currencies;
 use App\Traits\DateTime;
 use App\Traits\Media;
 use App\Traits\Recurring;
+use App\Traits\Transactions;
 use Bkwld\Cloner\Cloneable;
+use Illuminate\Support\Str;
 
 class Transaction extends Model
 {
-    use Cloneable, Currencies, DateTime, Media, Recurring;
+    use Cloneable, Currencies, DateTime, Media, Recurring, Transactions;
 
     protected $table = 'transactions';
 
@@ -103,7 +105,7 @@ class Transaction extends Model
      */
     public function scopeIncome($query)
     {
-        return $query->where($this->table . '.type', '=', 'income');
+        return $query->whereIn($this->table . '.type', (array) $this->getIncomeTypes());
     }
 
     /**
@@ -114,7 +116,7 @@ class Transaction extends Model
      */
     public function scopeExpense($query)
     {
-        return $query->where($this->table . '.type', '=', 'expense');
+        return $query->whereIn($this->table . '.type', (array) $this->getExpenseTypes());
     }
 
     /**
@@ -279,4 +281,14 @@ class Transaction extends Model
 
         return $this->getMedia('attachment')->last();
     }
+
+    /**
+     * Get the title of type.
+     *
+     * @return string
+     */
+    public function getTypeTitleAttribute($value)
+    {
+        return $value ?? trans_choice('general.' . Str::plural($this->type), 1);
+    }
 }
diff --git a/app/Models/Common/Company.php b/app/Models/Common/Company.php
index 32390caa6..e8cff5716 100644
--- a/app/Models/Common/Company.php
+++ b/app/Models/Common/Company.php
@@ -2,8 +2,10 @@
 
 namespace App\Models\Common;
 
+use App\Traits\Contacts;
 use App\Traits\Media;
 use App\Traits\Tenants;
+use App\Traits\Transactions;
 use Illuminate\Database\Eloquent\Model as Eloquent;
 use Illuminate\Database\Eloquent\SoftDeletes;
 use Kyslik\ColumnSortable\Sortable;
@@ -11,7 +13,7 @@ use Lorisleiva\LaravelSearchString\Concerns\SearchString;
 
 class Company extends Eloquent
 {
-    use Media, SearchString, SoftDeletes, Sortable, Tenants;
+    use Contacts, Media, SearchString, SoftDeletes, Sortable, Tenants, Transactions;
 
     protected $table = 'companies';
 
@@ -92,7 +94,7 @@ class Company extends Eloquent
 
     public function customers()
     {
-        return $this->contacts()->where('type', 'customer');
+        return $this->contacts()->whereIn('type', (array) $this->getCustomerTypes());
     }
 
     public function dashboards()
@@ -107,12 +109,12 @@ class Company extends Eloquent
 
     public function expense_transactions()
     {
-        return $this->transactions()->where('type', 'expense');
+        return $this->transactions()->whereIn('type', (array) $this->getExpenseTypes());
     }
 
     public function income_transactions()
     {
-        return $this->transactions()->where('type', 'income');
+        return $this->transactions()->whereIn('type', (array) $this->getIncomeTypes());
     }
 
     public function invoices()
@@ -197,7 +199,7 @@ class Company extends Eloquent
 
     public function vendors()
     {
-        return $this->contacts()->where('type', 'vendor');
+        return $this->contacts()->whereIn('type', (array) $this->getVendorTypes());
     }
 
     public function widgets()
diff --git a/app/Models/Common/Contact.php b/app/Models/Common/Contact.php
index bc8d95132..6f61f916c 100644
--- a/app/Models/Common/Contact.php
+++ b/app/Models/Common/Contact.php
@@ -7,11 +7,12 @@ use Bkwld\Cloner\Cloneable;
 use App\Traits\Contacts;
 use App\Traits\Currencies;
 use App\Traits\Media;
+use App\Traits\Transactions;
 use Illuminate\Notifications\Notifiable;
 
 class Contact extends Model
 {
-    use Cloneable, Contacts, Currencies, Media, Notifiable;
+    use Cloneable, Contacts, Currencies, Media, Notifiable, Transactions;
 
     protected $table = 'contacts';
 
@@ -41,12 +42,12 @@ class Contact extends Model
 
     public function expense_transactions()
     {
-        return $this->transactions()->where('type', 'expense');
+        return $this->transactions()->whereIn('type', (array) $this->getExpenseTypes());
     }
 
     public function income_transactions()
     {
-        return $this->transactions()->where('type', 'income');
+        return $this->transactions()->whereIn('type', (array) $this->getIncomeTypes());
     }
 
     public function invoices()
diff --git a/app/Models/Setting/Category.php b/app/Models/Setting/Category.php
index d180f41a0..f00bde121 100644
--- a/app/Models/Setting/Category.php
+++ b/app/Models/Setting/Category.php
@@ -3,9 +3,12 @@
 namespace App\Models\Setting;
 
 use App\Abstracts\Model;
+use App\Traits\Transactions;
 
 class Category extends Model
 {
+    use Transactions;
+
     protected $table = 'categories';
 
     /**
@@ -29,12 +32,12 @@ class Category extends Model
 
     public function expense_transactions()
     {
-        return $this->transactions()->where('type', 'expense');
+        return $this->transactions()->whereIn('type', (array) $this->getExpenseTypes());
     }
 
     public function income_transactions()
     {
-        return $this->transactions()->where('type', 'income');
+        return $this->transactions()->whereIn('type', (array) $this->getIncomeTypes());
     }
 
     public function invoices()
diff --git a/app/Models/Setting/Currency.php b/app/Models/Setting/Currency.php
index a25f7d46b..c75e19c4e 100644
--- a/app/Models/Setting/Currency.php
+++ b/app/Models/Setting/Currency.php
@@ -3,9 +3,12 @@
 namespace App\Models\Setting;
 
 use App\Abstracts\Model;
+use App\Traits\Contacts;
+use App\Traits\Transactions;
 
 class Currency extends Model
 {
+    use Contacts, Transactions;
 
     protected $table = 'currencies';
 
@@ -40,17 +43,17 @@ class Currency extends Model
 
     public function customers()
     {
-        return $this->contacts()->where('type', 'customer');
+        return $this->contacts()->whereIn('type', (array) $this->getCustomerTypes());
     }
 
     public function expense_transactions()
     {
-        return $this->transactions()->where('type', 'expense');
+        return $this->transactions()->whereIn('type', (array) $this->getExpenseTypes());
     }
 
     public function income_transactions()
     {
-        return $this->transactions()->where('type', 'income');
+        return $this->transactions()->whereIn('type', (array) $this->getIncomeTypes());
     }
 
     public function invoices()
@@ -65,7 +68,7 @@ class Currency extends Model
 
     public function vendors()
     {
-        return $this->contacts()->where('type', 'vendor');
+        return $this->contacts()->whereIn('type', (array) $this->getVendorTypes());
     }
 
     /**
diff --git a/app/Traits/Contacts.php b/app/Traits/Contacts.php
index df7cb3d2c..f5bbdc28f 100644
--- a/app/Traits/Contacts.php
+++ b/app/Traits/Contacts.php
@@ -30,7 +30,7 @@ trait Contacts
 
     public function getContactTypes($index, $return = 'array')
     {
-        $types = (string) setting('contact.type.' . $index, $index);
+        $types = (string) setting('contact.type.' . $index);
 
         return ($return == 'array') ? explode(',', $types) : $types;
     }
@@ -47,7 +47,7 @@ trait Contacts
 
     public function addContactType($new_type, $index)
     {
-        $types = explode(',', setting('contact.type.' . $index, $index));
+        $types = explode(',', setting('contact.type.' . $index));
 
         if (in_array($new_type, $types)) {
             return;
diff --git a/app/Traits/Transactions.php b/app/Traits/Transactions.php
new file mode 100644
index 000000000..d70e2b22e
--- /dev/null
+++ b/app/Traits/Transactions.php
@@ -0,0 +1,62 @@
+<?php
+
+namespace App\Traits;
+
+trait Transactions
+{
+    public function isIncome()
+    {
+        $type = $this->type ?? $this->transaction->type ?? 'income';
+
+        return in_array($type, $this->getIncomeTypes());
+    }
+
+    public function isExpense()
+    {
+        $type = $this->type ?? $this->transaction->type ?? 'expense';
+
+        return in_array($type, $this->getExpenseTypes());
+    }
+
+    public function getIncomeTypes($return = 'array')
+    {
+        return $this->getTransactionTypes('income', $return);
+    }
+
+    public function getExpenseTypes($return = 'array')
+    {
+        return $this->getTransactionTypes('expense', $return);
+    }
+
+    public function getTransactionTypes($index, $return = 'array')
+    {
+        $types = (string) setting('transaction.type.' . $index);
+
+        return ($return == 'array') ? explode(',', $types) : $types;
+    }
+
+    public function addIncomeType($new_type)
+    {
+        $this->addTransactionType($new_type, 'income');
+    }
+
+    public function addExpenseType($new_type)
+    {
+        $this->addTransactionType($new_type, 'expense');
+    }
+
+    public function addTransactionType($new_type, $index)
+    {
+        $types = explode(',', setting('transaction.type.' . $index));
+
+        if (in_array($new_type, $types)) {
+            return;
+        }
+
+        $types[] = $new_type;
+
+        setting([
+            'transaction.type.' . $index => implode(',', $types),
+        ])->save();
+    }
+}
diff --git a/app/Widgets/CashFlow.php b/app/Widgets/CashFlow.php
index 56b2639c4..e53730ea5 100644
--- a/app/Widgets/CashFlow.php
+++ b/app/Widgets/CashFlow.php
@@ -138,7 +138,7 @@ class CashFlow extends Widget
             }
         }
 
-        $items = $this->applyFilters(Transaction::type($type)->whereBetween('paid_at', [$start, $end])->isNotTransfer())->get();
+        $items = $this->applyFilters(Transaction::$type()->whereBetween('paid_at', [$start, $end])->isNotTransfer())->get();
 
         $this->setTotals($totals, $items, $date_format, $period);
 
diff --git a/config/setting.php b/config/setting.php
index 7fdfe0f3a..8f0ce3c14 100644
--- a/config/setting.php
+++ b/config/setting.php
@@ -138,6 +138,12 @@ return [
                 'vendor'                => env('SETTING_FALLBACK_CONTACT_TYPE_VENDOR', 'vendor'),
             ],
         ],
+        'transaction' => [
+            'type' => [
+                'income'                => env('SETTING_FALLBACK_TRANSACTION_TYPE_INCOME', 'income'),
+                'expense'               => env('SETTING_FALLBACK_TRANSACTION_TYPE_EXPENSE', 'expense'),
+            ],
+        ],
     ],
 
     /*
diff --git a/resources/views/banking/transactions/index.blade.php b/resources/views/banking/transactions/index.blade.php
index b9c749f35..cce956299 100644
--- a/resources/views/banking/transactions/index.blade.php
+++ b/resources/views/banking/transactions/index.blade.php
@@ -47,7 +47,7 @@
                         <tr class="row align-items-center border-top-1 tr-py">
                             <td class="col-sm-2 col-md-2 d-none d-sm-block">@date($item->paid_at)</td>
                             <td class="col-xs-4 col-sm-3 col-md-2">{{ $item->account->name }}</td>
-                            <td class="col-xs-4 col-sm-3 col-md-2">{{ trans_choice('general.' . Str::plural($item->type), 1) }}</td>
+                            <td class="col-xs-4 col-sm-3 col-md-2">{{ $item->type_title }}</td>
                             <td class="col-sm-2 col-md-2 d-none d-sm-block">{{ $item->category->name }}</td>
                             <td class="col-md-2 d-none d-md-block long-texts">{{ $item->description }}</td>
                             <td class="col-xs-4 col-sm-2 col-md-2 text-right">