Auto Code Guide

Auto Code is an AI-powered tool that does your accounting for you. Quick, smart, and powered by AI, Auto Code instantly picks the account code for every transaction in your bank import.

You can use use the Auto Code import wizard to import a CSV bank statement and explain it right away

1) Auto Code - bank import

Import a CSV bank statement, and Auto Code can code your transactions for you, creating PAY or REC transactions.

You can use Auto Code for bank imports from the following places in Clear Books:

• Tools > Import > Auto Code - bank import
• Money > Bank Accounts. Then click the button “Auto Code - bank import”
• Money > Bank import > Import statement. Then click on “Auto Code - bank import”

To import and Auto Code a CSV bank statement, follow these steps:

1.  Upload the CSV file of your bank statement
2. If necessary map the columns of the statement
3. Click Confirm to go ahead with Auto Code. Auto Code will explain all transactions in the statement, and create PAY or REC transactions.
4. You will be shown a result screen that lets you see the transactions that were created.

View the transactions that have been created

After Auto Code creates all the new transactions from your bank statement, you can see how many transactions were created, and view all the transactions in the date range of your statement, so you can see all new and any existing transactions in your account. You can also use any report to see your business performance including all transactions.

If necessary, you can edit any of the individual transactions.

FAQ

Q: How many transactions can Auto Code work on at once?

A: Hundreds. As an example, several hundred transactions will be processed by Auto Code in a matter of seconds.

Q: Can I edit transactions Auto Code has created?

A: Yes, you can edit each transaction. You can do this one-by-one, or by using our Power Editor.

Q: What is the “Default Contact”?

A: Auto Code assigns every transaction to a single contact called “Default Contact” to speed up entry. You can edit any transaction to change the contact. We are working to add support for Auto Code to choose the right contact rather than using the default contact.

Q: Does Auto Code match payments to bills and invoices?

A: No, Auto Code doesn’t allocate payments to invoices or bills yet.