Transactions & banks
Connect your banks and cards, and categorize and review your transactions.
By Emily1 author9 articles
Banks & cards
Connect and manage your bank and card accounts.
- Banks and Credit Cards Reconciliation at FinaloopLearn about Finaloop's bank reconciliation and validation process to ensure your books are fully reconciled to your sources of truth
- Finding your credit card statement closing date and balanceFind the closing date and closing balance on your credit card statement so you can give Finaloop the right numbers when it asks for them.
Transactions
Categorize, split, spread and review your transactions.
- Categorizing & reviewing transactionsCategorize the transactions marked Waiting for your input, change any category, and mark personal spending, so your reports show how your business really spends.
- Choosing the correct transaction categoryFind the right category for any transaction, by keyword, and see where each one lands on your P&L or Balance Sheet.
- Unmatched payouts and transfersFix payouts and transfers Finaloop couldn't match between your accounts and apps (Anomaly Detector), so money moving between your own accounts isn't counted as income or expenses.
- Reporting transactionsLearn how to add business transactions that happened outside of your bank or credit card accounts, for example, in personal accounts
- Recording accrued and prepaid expensesMove a Finaloop expense to the date you used it, or spread it across days or months, so your P&L shows when costs really happened (accrual basis only).
- Recording tariff refunds in FinaloopRecord a tariff or duty refund so your cost of goods sold (COGS), inventory value and margins stay accurate, whether you record product costs when you buy (Purchase based), when…
- Why don't Shopify bills show a line-item breakdown?Split a Shopify charge to put fees, shipping labels and apps on separate P&L lines, since Finaloop records each Shopify bill as one total under Software & subscriptions.