Auto-categorization for Physical Cards.
This will save the time spent on setting General Ledger Vendors, Categories, and Tags for your Physical Card transactions. Based on the transaction history, Airbase will set the fields for you. All you need to do is review and sync.
Check out our Help Center article to learn more.
Spend Owners can set Categories and Tags for Virtual Card transactions.
Virtual Cards for Vendors, like Amazon and TripActions, are mainly used for one-time purchases. This means that spends will be of a different nature. For instance, an Amazon Virtual Card can be used for purchasing office stationery and gifts for employees. Both transactions need to be categorized and tagged differently in the GL.
To reduce the overhead on the Accounting team, Airbase now allows the Spend Owner to set Categories and Tags for transactions.
Check out this Help Center article to learn more.
Paid Outside Airbase.
Earlier, when you pay your Vendor outside Airbase, you had to manually make payment entry to the GL.
Now, you can sync these transactions to the GL via Airbase.
Read the Help Center article to learn more about this update.
New Filter for Physical Card Transactions.
A new Filter option has been introduced to the Physical Card Transaction History. Filter transactions based on whether the Categories and Receipts are available or missing. This enables you to reconcile books faster.
Check out the Help Center article to learn more.
Additional Filters in Ledger Entries.
Additional filter options have been added to Accounting > Ledger Entries.
1. Pending Review page.
The Filter option in Pending Review page now has two new filters to help you find transactions within a specific range of dates and/or amounts.:
- Amount: Minimum and Maximum
- Entry Date: Start Date and End Date
2. Sync Complete page.
Transactions in Sync Complete page can now be filtered based on the transaction date using the new Transaction Date: Start Date and End Date filter option.
What’s on the Horizon.
Auto-fill Invoices using OCR technology.
While creating a bill, Airbase will soon be able to fill in the invoice details for you, saving you the time it takes to cross-check and fill the information manually. This also reduces the margin of error. To implement this, Airbase uses Optical Character Recognition (OCR) technology.
Split Categories by amounts for Bill Payments.
Currently, the Bill amount is split by percentage. You will soon be able to split Bill categories by amounts.
Apple Pay and Google Pay.
Airbase will soon be introducing Airbase Digital Wallet, which will allow you to make contactless payments via Apple Pay and/or Google Pay.