Processing transaction drafts

Once a bank connection has been added or transactions are imported from a CSV file, NoCFO automatically creates a transaction draft for every bank transaction. The AI analyzes the transaction details and suggests an accounting account, VAT treatment, and contact. The more you use the program, the more accurate the suggestions become.

Draft details

Each transaction draft shows the following information:

• Date — when the money arrived at or left the bank

• Amount

• Info — the details that came with the bank transaction, such as the payer's name or reference

• Description — the description suggested by the AI for the transaction

• Contact — the contact identified by the AI

• Posting — the suggested accounting account

• VAT treatment — the suggested VAT treatment

Approving or editing the draft

If the suggestion is correct, approve the transaction directly. Once approved, NoCFO shows the posting entry-by-entry in the bookkeeping.

If the suggestion is wrong or incomplete, edit the draft before approving it. You can change the account, VAT treatment, contact, or description.