25 October - Improvements

Improvements ✨

We're making transaction categorisation easier and faster for you! 💅

We know categorising transactions can be a time-consuming part of managing your finances, and we’re here to tackle that. This is the start of a journey to make categorisation more intuitive and efficient with changes to how categories are structured and named, making it easier for both you and our system to identify where each transaction belongs.

In this first phase, you’ll notice a simple update; we’re renaming a few of our categories. This change only impacts Limited Liability businesses. We’ll be releasing updates for Sole Traders too, but not during this initial phase. Listed below are the current names and the new names they’ll transform into:

• Rent & Rates → Rent & use of home
• Accumulated Depreciation on Assets → Accumulated depreciation
• Money Owed to Suppliers → Money you owe to suppliers
• Credit Cards → Credit card balance

These new names are designed to make choosing categories quicker and more straightforward. Behind the scenes, this update is part of a larger effort to improve how our system learns from your categorisation choices, ultimately reducing the need for manual adjustments in the future.

We expect this change to be visible next week, so we wanted to make sure you got a heads-up first 👀

As we continue with the next phases, we’ll keep you updated on even BIGGER and more EXCITING enhancements to save you time and make transaction categorisation feel seamless. Stay tuned for more! 😎