can it separate bank downloads into correct categories automatically?
My husband uses Quicken 2007 Mac and we want to switch to iBank. One feature he likes is that it takes his downloaded expenses and drops them into the correct categories. Like gas, groceries, clothing etc. for tax purposes. Can iBank do this?
- Asked by Kimberly T from Pittsfield
- Jul 12, 2011
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1 Answer from the Community
Yes, iBank can clean up and categorize your transactions before importing them - the software will learn from the changes you make and automatically categorize your data on future imports. You can create categories, sub-categories and category hierarchies, or use transaction templates to further automate things. Yet all transactions remain editable for even finer tuning as needed.
- Answered by Scott B from Putney
- Jul 13, 2011