MoneyThumb is very proud to announce a new addition to our best selling products, 2qbo Convert Pro and pdf2qbo Convert. This added functionality, at no extra cost to customers, is called Payee Cleanup. As you will see in the sample bank statement above, there are numerous, miscellaneous debit card purchases.
How many times, going over your bank statement, especially if you own a small business, have you thought to yourself, "these debit card charges are clogging up the real picture of what I spend, being the main payments I make for rent, mortgage, products, vendors, web services, insurance, etc. and are costing me and/or my accountant time, time that could better be used to work on something else?" Well now you can that question forever disappear! Payee Cleanup works like magic, removing from or adding to your bank statement anything you tell it to.
And say you want to call a payment something rather than what your bank statement reflects? For instance, when you do your income tax you want to account for the money you spent on eating out, but the bank list each charge to the specific restaurant. How much easier would it be on your accounting to be able to change the name of each of those charges instantly to entertainment?
Introducing Payee Cleanup
Above is a screenshot of Payee Cleanup from MoneyThumb. Below is the text from our website explaining what the product can accomplish:
"MoneyThumb’s Payee Cleanup provides an automated way to turn the payee names that are found on typical bank and credit statements into the payee names that you really want to import into your financial records. Payee cleanup can automatically remove phone numbers, dates, store numbers and extra spaces. You can also specify phrases to remove such as “Checkcard payment”, “POS charge”, or “PayPal”. And you can use wildcard patterns. You can test which options and phrases to use interactively – as you click an option or type a phrase, all the payees instantly reflect your options."
Yes, you read that right. It is almost like magic, how the changes you make using Payee Cleanup are instantly reflected. And don't worry that you might have to refer back to the way the bank statement read before you used the cleanup function. The changes you made are stored and you can always refer back to them.
Help us spread the word on social media by sharing this post and letting our customers and potential customers know about the great new, no extra cost function now available in our two best selling products, 2qbo Convert Pro and pdf2qbo Convert.
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