Save time and use autocoding

Autocoding uses specified text to automatically assign a category and extended code to a transaction.

You can use either all or part of the following fields:

• Other Party

• Reference

• Notes

Using the autocoding feature in your database:

• Saves you time

• Ensures transactions are consistently and accurately coded

Setting up a good autocoding structure can take time but the benefit of having consistent information is quickly realised.

How to maximise autocoding

To use autocoding to its full capability, it's important to think about the information that's available and how best to use it in your database.

You may even want to consider updating the information in your bank Payee list to get the most out of autocoding.

Scenario:
Sal has four Genesis accounts for 2 farms that are enterprised in her database.
To fully utilise autocoding, she updates the bank's payee information and creates each Genesis account number as its own Payee.
They are now clearly defined, so Sal can use this information to automatically code each power bill to the correct electricity code and enterprise.

Want to know more?

How to autocode imported bank transactions
Check out our autocoding training video
How to autocode manually entered transactions
How to autocode your trader statement