Now in Airbank, you can quickly create and set rules to categorise transactions from a specific counterparty. This new tool will help you keep all your categories organised and maintain consistency across all your different vendors, suppliers, and customers.
It is especially useful if you have created many custom categories or wish to recategorise many transactions from the same counterparty at once, without having to manually do so individually. Let's look at an example to show you how it works.
Simply navigate to your "Categories" tab and then select the "Rules" button from the above menu.
Here, you can choose to set rules by counterparty, reference, counterparty and reference, and amount. After establishing a rule, the system will re-categorise all historical transactions and remember your custom rule and apply it for all future transactions meeting the same criteria (reference, counterparty, or amount).
In the example, below, we created a rule that will automatically categorise all transactions with the counterparty "google" as Software Subscriptions.
You can also set rules for transactions by reference #, or by transaction amount. For example, you can set rules for amounts and set parameters such as "is larger/smaller than" and then enter a specific amount.
Important: Please do not hesitate to get in touch with Airbank' s support team should you experience any issues or require additional support.
Just use the chat function on the Airbank homepage or in the Airbank App (the speech bubble symbol in the lower right-hand corner) or send an email to: email@example.com.