Staples and Uncategorized Transactions

Staples, which opened its first store in 1986, sells office supplies, technology products and services, copy and print services, furniture, and other products. For many of your clients or even your own business, Staples is often a go-to store for items around the office or related to your work.  

Though Staples is more niche compared to companies and stores like Walmart, Amazon, or Costco, Staples’ massive variety of office-related products and services creates a headache for accountants and bookkeepers. You can’t always know exactly what your client purchased or why. For example, a client might purchase some paper, a printer, a computer monitor, highlighters, and a three-ring binder at Staples. There are hundreds of reasons why these items might be necessary or what they’re for. You don't know exactly what your client purchased, why, or for who. And when your client purchases from Staples, the bank feed and receipts often don’t supply the necessary information or details on the items purchased to categorize transactions and close the books. So, it can rapidly turn frustrating and confusing to constantly keep up with hunting down this information through spreadsheets.