You can save time by setting up accounting rules in Venn. These rules automatically categorize transactions into the right ledger in your accounting software (QuickBooks or Xero), so you don’t have to do it manually.
Here’s how rules can be applied:
Card purchases
By category: Apply a rule to all card transactions that fall under a specific spending category (e.g., Grocery Stores/Supermarkets or Hotels/Motels/Inns/Resorts).
By merchant: Apply a rule for transactions with specific merchants (e.g., Hotel ABC or Hotel XYZ).
Outbound transfers or pre-authorized debits (funds pulled from your CAD account)
Apply a rule so that all transfers to a specific recipient are automatically linked to a specific ledger in your QuickBooks or Xero.
💡 Tip: Once a rule is created, it doesn’t just apply to future transactions — it will also apply to any historical transactions that haven’t yet been synced. This way, hundreds of past and future transactions can be categorized automatically and instantly, saving you significant time.