22 November - Improvements

Improvements ✨

Exciting Update: New Category Changes Are Live + What’s Next! 🎉

We’re thrilled to share that the second phase of our transaction categorisation improvements is now live! 🚀 If you missed the details about these updates, click here to read about how we’ve streamlined categories to make managing your transactions simpler and smarter.

Now, let’s talk about what’s next: we’re refining our payroll categories to pave the way for more automated and accurate payroll reconciliations. These changes will make it easier to understand payroll-related entries while setting the foundation for even more advanced improvements in the future.

Here’s what’s changing:

• Name change Pension Contributions Owed → Pension contributions due (Balance Sheet report) PAYE & NI Owed to HMRC → PAYE & NI due (Balance Sheet report)
• Name and context change Employer Pension Contributions → Employee & employer pensions (Profit & Loss report) Employer National Insurance → PAYE & NI (Profit & Loss report)

What You Need to Know

1️⃣ For now, these are purely name changes—you won’t see any changes to how payroll entries are generated just yet.

2️⃣ In the next phase, we’ll enhance payroll entry generation by introducing the new Salary & wages (take home) category to replace the Director salaries & wages and Employee salaries & wages categories (Profit & Loss report) . Additionally we’ll use the changes to category context for a more streamlined process.

We’re committed to making payroll management faster, clearer, and more intuitive for you. This update is another step in that direction, and we’re excited for you to see the results!

If you have any questions about these changes or need assistance, our team is here to help. Stay tuned for more updates as we continue to enhance your experience with smarter, more automated tools.

Here’s to taking control of your finances with ease! 💼✨