Bank Rules

The Bank Rules feature, accessible via the Settings tab, automates the categorization of your bank transactions. You can set specific conditions so certain transactions are automatically assigned to predefined accounts, significantly streamlining your bookkeeping process.

Types of Bank Rules

Manager.io offers two distinct categories of Bank Rules:

Payment Rules

Use Payment Rules to automatically categorize money paid out (Payments). This functionality is essential for rapid categorization and efficient tracking of expenses and other cash outflows.

For complete details on setting up and using Payment Rules, visit: Payment Rules.

Receipt Rules

Use Receipt Rules to automatically categorize incoming payments (Receipts). Accurate setup of receipt rules supports precise tracking and accounting of sales income and other money received.

For comprehensive instructions on creating and managing Receipt Rules, refer to: Receipt Rules.

Benefits of Bank Rules

By leveraging Bank Rules, you can:

• Speed up transaction categorization
• Improve accounting accuracy
• Minimize effort spent on manual data entry
• Allocate additional time to other important areas of your business operations

Utilizing Bank Rules is a straightforward and effective way to maintain accuracy and efficiency in your financial management.