Easy way for transaction classification?

How do Bookkeepers tackle mundane task of Transaction classification?

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How do Bookkeepers make sure that classification of transactions is as accurate and fast as possible. Manually this is an extremly slow process. Any AI based software to automate this? What is your opinion?

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By Cheshire
29th Jul 2018 23:16

More dross

Thanks (2)
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By Tax Dragon
30th Jul 2018 06:55

Hi Chekin, you have no doubt exhibited some of the qualities of a fine businessperson in your responses here.

Time for you to exhibit another- know a false lead when you see it. This is not the place for you to grow your company's business. Time for you to chekout.

Farewell and good luck.

Thanks (1)
ALISK
By atleastisoundknowledgable...
30th Jul 2018 06:59

In the last few years there’s been some great releases of software that help speed up the transactional processing- products like AE (Auto Enrolment) and RB (Receipt Branding) mean that processing is done quicker, lower fees , allowing accountants to advise with more RTI (Recent Transactional Information).

Hope this helps for your site.

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Tom Herbert
By Tom Herbert
30th Jul 2018 08:50

Thread closed.

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