How to create new expense categories

I have never had to create a new expense category until today on v5.
I remember on v4 it was as simple as entering the category when creating an expense and if it didnt exist, it auto created one for you.
However on v5 it is a drop-down and there doesn’t seem to be any way to add a new expense category.
Any help would be appreciated, if this already exists.


In v5 you can manage categories on Settings > Expense Settings