Popular Sources of Uncategorized Transactions

Where do uncategorized transactions come from?

By their nature, uncategorized transactions are hard to pin down and define. As a result, many uncategorized transactions come from vendors who sell a plethora of products. Think of the hundreds of thousands of items you can purchase from Amazon for only $200. While transactions from smaller stores like a mechanic are easier to determine, vendors with seemingly unlimited products and services aren’t so easy to determine. And chasing down clients for details about the purchase from Amazon or Walmart can get confusing and frustrating to keep up with since you’re constantly exporting spreadsheets and emailing clients to collect the information you need. But this is where Uncat enters into the equation.

Uncategorized deposits are similarly difficult to pin down and determine, like uncategorized transactions. Within the past few decades, digital apps like Venmo, PayPal, Square, and Cashapp have turned into mainstream mechanisms for payments and deposits. Since apps like Venmo and Cashapp have customizable descriptions—including text, gifs, and emojis—for your transactions, it’s not easy for an accountant or bookkeeper to know what someone meant by the description, why someone sent the money to the client, or what exactly the transaction was for. While adding emojis and funny descriptions to payments or deposits in these apps is entertaining and garners a chuckle, these uncategorized deposits are frustrating for accountants and bookkeepers alike. Once again, though, this is where Uncat steps in to help.

Uncat works to help you easily categorize transactions missing categories, vendors, customers, classes, and other fields without constantly exporting spreadsheets or chasing down clients for information.

Click on a logo or company name below to learn more about popular sources of uncategorized transactions.