Walmart and Uncategorized Transactions

Walmart, like Costco, offers a multitude of products and services by combining grocery store products with electronics, clothing, toys, home furnishings, and more. Alongside Costco and Amazon, Walmart is one of the largest and most successful, with over 265 million customers around the world. 

Even though you could walk into a Walmart and easily find shelves of products of practically any item imaginable, Walmart’s massive variety of products creates a headache for accountants and bookkeepers. As Walmart sells hundreds of thousands of different products, you can’t know exactly what your client purchased or why. For example, a client might purchase some books, flowers, cleaning supplies, snacks, and a phone charger at Costco. 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 Walmart, 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.