Every month we publish a new edition of release notes to introduce Finaloop's newest features and product updates. Here are this month's updates:
🚀 Smarter Transaction Categorization
We've made significant improvements to our transaction categorization engine to save you time and improve accuracy:
95.9% automation rate – Our expanded vendor database now categorizes hundreds more vendors and transaction types automatically, reducing the need for manual input.
Improved related party transaction handling – Get clearer visibility into related party balances and shared expenses.
Coming soon: Enhanced visibility and guidance when categorizing a transaction so you can see exactly how it impacts your financials.
👋 Redesigned Transaction Split
Our transaction splitting tool has been completely overhauled with powerful new capabilities:
Split by percentage – Enter percentages, and dollar amounts are calculated automatically.
Mix positive & negative amounts – Perfect for handling fees, refunds, or adjustments in one go (e.g., an expense of $100 can be split into an expense of $120 and a discount of $20).
Split in original currency – Work with foreign transactions in both the original currency and USD.
Enhanced interface – Edit any line, split equally with one click, and see your remaining balance.
Multiple holder splitting – Distribute personal transactions across multiple people.
🔍 Take Control of Invoice Categories
You can now fully customize your sales categories when creating an invoice:
Create new categories that match your business needs.
Remove categories you don’t use.
Control how sales and invoice accounts receivables balances appear in your reports.
💬 Share Your Feedback
We're always working to make Finaloop more intuitive and powerful for your business. Have suggestions or feedback? Let us know—we’d love to hear from you!