Rules based categorization
Welcome back,
As previously mentioned the accounting workflow in Bitwave is broken into two major steps:
1. Categorization: This involves applying a category and contact to the transactions. This can be considered to be activity performed by the "preparer." There are two approaches to categorization:
(A) Individual categorization: performed by the user in the user interface
(B) Rules based categorization: performed through creation of pre-set rules by the user which are applied to transactions fitting the criteria by the rules engine
2. Reconciliation and Sync: This involves reviewing categorized transactions and syncing those transactions to your GL (ERP) software
In this section, we will focus on rules based categorization