How to create a transaction coding rule

Why

Transaction coding rules help streamline your accounting process by automatically applying the correct coding to transactions, reducing manual entry.

Fast forward video to 1:26sec to learn about bank transaction coding rules.

Benefits

• Saves time by automating coding.

• Reduces errors in transaction coding.

• Ensures consistency in coding transactions.

Steps to complete

Create a rule from the bank transaction

1. Go to the bank transaction screen.

2. Click on the coding rule icon in the top right corner of the transaction.

3. Review the coding rule. If satisfied, click Save.

NOTE: If the Other Party, Reference, and Particular fields contain information in the transaction, this will automatically populate the coding rule criteria. This also applies to any coding lines you have entered.

Apply the rule to your transactions

You can choose when to apply the coding rule by:

• Opening each transaction individually in Needs Action to commit the coding rule.

• Applying coding rules to all applicable transactions in one step within Needs Action.

TIP: Use the search function to find a specific coding rule.