Simplifying Transaction Categorization with Buckets
Easily categorize and manage transactions with Cointab’s Buckets feature for streamlined reconciliation.
Simplify and streamline your reconciliation processes with powerful linking across multiple templates.
Cointab’s Buckets feature is designed to help you categorize transactions based on specific logic and conditions, ensuring that your reconciliation results are easy to interpret. By automatically sorting reconciled and unreconciled transactions into customizable categories, Buckets allow you to focus on the data that matters most. Whether you’re identifying discrepancies like less or more payment received or simply viewing reconciled items, Buckets provide a clear, structured view of your financial data, enhancing both accuracy and efficiency.
How Buckets Work?
Logic-Based Categorization
Transactions are categorized based on the conditions you set. For example, when comparing the payment received with the expected amount, if the difference is 0, the transaction is categorized as Reconciled. If there is any amount in the difference column, it’s classified as Not Reconciled.
Multiple Categories
A transaction can be assigned to multiple categories based on your criteria. For instance, unreconciled transactions can be further classified as Less Payment Received, More Payment Received, or Pending, depending on the discrepancies found.
Clear Identification
Unreconciled transactions are highlighted in red, allowing for easy identification. You can quickly filter and view specific categories of data by clicking on the Bucket for that category.
Easily categorize your transactions with Cointab’s Buckets feature!
What Does Cointab's Buckets Feature Simplify In Reconciliation?
Efficient Organization
Group transactions by type, ensuring a clear and manageable view of large datasets, with easy navigation of reconciled and unreconciled items.
Customizable
Tailor Buckets to your specific criteria, allowing you to define the rules for categorizing transactions based on your unique reconciliation needs.
Quick Insights:
Instantly filter and identify key transaction categories, helping you focus on discrepancies and reconciled items for quicker analysis.
Clear Visualization:
Red highlights for unreconciled transactions make discrepancies easy to spot, ensuring prompt attention and resolution.
Efficient Transaction Management with Buckets
Cointab’s Buckets feature offers a structured approach to transaction reconciliation, allowing you to categorize and manage financial data with precision. By organizing transactions based on customized rules, you can streamline your reconciliation process, improve accuracy, and gain clear insights into your financial data. Simplify your workflow with Buckets and ensure your reconciliation tasks are more efficient and effective.
Explore More Features of Cointab Reconciliation
Data Loading
The software seamlessly integrates with APIs, database connectors, and email to automatically load data into the system.
Data Uniqueness
Uniqueness ensures accurate reconciliation by eliminating duplicate entries and maintaining unique transaction data.
Activity Log
This feature tracks every action taken within the reconciliation process, offering a clear and detailed record of all activities.
Ready to streamline your reconciliation process?
Start using Cointab’s Buckets feature today and experience effortless transaction management.
