If you're not integrated with any software, you can code bank statement transactions to nominal accounts and payees before you export the file.
This is primarily for the preparation of year-end accounts or catch-up jobs where a Profit & Loss or Balance Sheet is of concern.
📎NOTE: The Fast-Code option isn't available if you're integrated with an accounting software. Except for the QuickBooks Online integration.
QuickBooks Online integrated companies need to follow a slightly different process when fast-coding statements.
How to fast-code statement transactions
📎NOTE: Before you start coding, make sure you've set up your categories from the Manage list section.
Once bank statement extraction is complete, it will move to the Inbox.
Once in the Inbox, you’ll see the Fast-code transactions button.
Using the dropdown menus, select the relevant Contact and Category codes.
📌TIP: To code multiple lines at once, use the checkboxes to the left and select the first line of the batch. When you select the relevant Category (on any line), all lines populate with that account.
To approve individual transactions, click Action > Approve on the right.
To approve transactions in bulk, select the transactions on the left and click Approve at the top of the list.
📌TIP: You can also select all from the listTo export the transactions, click Download at the top-right corner of the page and select the file type.
