
Have you ever tried to categorize an international business expenses using the auto-categorization setting in FreshBooks? Yeah, it doesn't work. Let's say you pay for Atlassian every month for your digital marketing agency or web design firm and every month you're billed by Atlassian $20. Well did you know that there's international bank transaction fees that your bank will charge you if that company is overseas? Yeah, it's a bummer.
But did you also know that those small bank fees automatically get categorized by FreshBooks as being "from the vendor?" In other words, the FreshBooks software can't tell the difference between the international bank fee and the vendor's actual charge, because both transactions have "Atlassian" in the meta data.
This is a problem.
QuickBooks allows you to set "rules" for your transactions, but FreshBooks only allows you to "remember this." Well, it never works like it should. Listen in as I break down the options and ways to fix this.
Mar 6, 2021
6 min
