Categorize many transactions at once
One of the biggest remaining tasks that we’ve been working on simplifying is the ability to categorize all of your “uncategorized” transactions as quickly as possible. Well, today we took a big step forward by announcing 3 changes:
First, we’ve added some logic to shorten the descriptions we receive from banks and credit cards to shorter, more recognizable merchant and customer names.
Second, when you click on a dashboard button for “uncategorized” transactions (or if you click the “Uncategorized” filter button in your account view,) you will now be presented with a page that shows all of your uncategorized transactions grouped by merchant name or description, sorted by transaction count. This allows you to knock off the biggest grouping of uncategorized transactions as quickly as possible.
Three, we have added the ability to select multiple merchant names/descriptions so you can categorize multiple groups of transactions at once. Do you see multiple vendors where you buy items for resale? Select them all, click “Categorize”, choose “Cost of Goods Sold” and boom!
Please let us know what you think of this change by emailing us at [email protected] or commenting on this post.
Update: April 2024
In the time since we launched this feature, we’ve updated some elements of the user interface. See below for a more current description.
When you click in from the dashboard, you’ll still see “uncategorized” transactions grouped by merchant/transaction name. But you may notice that we have some additional filters in the account views. You can always reproduce this option by clicking the “Type” filter and choosing “uncategorized”.
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2 Replies to “Categorize many transactions at once”
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Is there a way for me to add a Non-Business expense category that DOESN’T post in the taxes report? Long story short, I figured out a way to keep track of my inventory and purchases for the year on GoDaddy that way. It was simple and probably not the best way to do it, but it worked great.
I could run a report for INVENTORY and it would show everything I currently had – I could run a report on PURCHASES and know exactly how much I spent for the year. I could have the report show in ascending alphabetical order so it was easy to find what I was looking for by the name of the item, especially helpful when finding an item in my inventory.
Thank you
Hi Kim, I just replied to your email about this question. Will summarize here for any others who might be interested. The short answer is, we don’t support that yet and rather than just adding that specific functionality, we’d like to figure out how to handle inventory properly (which we never got to do at Outright/GoDaddy Bookkeeping.) Would love to find people interested in working with us on figuring that out. Great question (and nice work-around using GoDaddy) – please keep them coming!