We’ve released some exciting updates to FreeAgent’s Banking area.
Auto Extract now matches with transactions
We’ve just updated Auto Extract - the super-smart feature that scans your receipt photos and extracts the key info - with the ability to match with bank transactions as well as expenses.
On the For Approval screen in Banking, you’ll now see a lightning bolt icon next to any transactions with auto-matched files, to help you identify and confirm these. You can find out more in our Knowledge Base.
Improved Guess functionality
Our AI-powered Guess feature automatically suggests categories for imported bank transactions, saving you time in reconciling your bank statements.
This has now been updated to provide alternative suggestions in cases where a transaction could be explained in a couple of ways - handy for quickly explaining nuanced transactions, such as computer hardware versus computer software.
Find out more about suggested categories over on our Knowledge Base.