Airbase learns from each of the fields set for previous transactions to recommend fields for new transactions. And, it gets smarter with every sync.
Auto-categorization is updating the GL fields of Physical Card transactions based on past GL entries.
The following ledger entry fields will be Auto-categorized by Airbase:
- GL Vendor Name
- Line tags
- Transaction tags
Say, the card was used to pay for an Uber ride to work. The GL fields were filled in and the transaction was synced with the GL. The next time the same card is used to pay Uber, Airbase will recognize the Vendor as Uber and automatically fill in the GL fields.
Review and sync card transactions that are Auto-categorized:
- Go to Accounting > Ledger Entries > Pending Review.
- Use the Filter option and set Payment Method to Physical Card.
- Find the transaction.
- Look for the thunderbolt symbol to find all the fields that have been Auto-categorized.
- Click Sync with <name of your GL> or Edit the fields then sync to the GL.