How does the automatic account assignment work?

The AI in nextesy reads your receipts and bank transactions and assigns them to the appropriate account. You review the suggestion instead of entering every booking manually. And the longer you use nextesy, the more runs automatically.

Step by step less manual work

• Suggestions: When you upload a supplier invoice, the AI recognises the content and creates a draft booking with the appropriate account and VAT rate.

• Rules: For recurring suppliers or expenses, you set up a rule once. After that, every matching receipt is allocated directly.

• Automatic booking: If desired, nextesy books receipts that match a rule directly. You can also define a maximum amount for this.

• Learning: nextesy creates new rules on its own based on your bookings. This way, the account allocation becomes increasingly accurate over time.

Also for bank transactions

During bank reconciliation, nextesy recognises the amount, currency, and recipient, and assigns the payment to the correct account. More about Banking.

More about accounting

Automatic account allocation is the core of accounting in nextesy.