Skip to main content Explain a bank transaction
Adding a category or ‘explanation’ to each of your bank transactions helps FreeAgent keep your property accounts up to date. If you haven’t enabled a bank feed yet, you’ll need to do that first.
Why do I need to explain bank transactions?
It’s all about saving time. When you start explaining bank transactions, FreeAgent will learn and then begin to explain new transactions automatically.
- It helps FreeAgent to understand your regular income and expenses
- If you’re VAT-registered, it helps to build your VAT returns
- You’ll save time on managing your property accounts in the future
Getting Started webinar
Designed especially for new customers, this webinar recording will help you get set up and give you the lowdown on all the key features of FreeAgent for Landlords.
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