Review Your Daily Pending Transactions
Staying current with your transactions is essential for accurate financial records and easier tax time. This quick daily routine helps you review pending transactions and ensure they're categorized correctly. By spending just 2 minutes each day, you'll maintain organized books and catch any errors early.
1. Check for pending items
Start each day by asking Judy if there are any new transactions waiting for your review. These are transactions that have been imported from your bank or payment accounts but haven't been categorized yet. Catching them daily prevents a backlog and keeps your records current.
2. Approve or correct suggestions
Review each pending transaction and either approve Judy's suggested category or provide the correct one. This trains Judy's system to better understand your business expenses over time. If you notice a pattern, consider setting up a category rule to automate future similar transactions.