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Penta releases the new Categorization feature

Jeannine Klein
Jeannine Klein August 2018 2 min

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At Penta, we are hard at work bringing you the features that really make a difference. We toil every day, week and month to revolutionize business banking for you, the business owners. Our newest feature aims to provide business owners with even more convenience in their day-to-day incoming transactions, save time and make Penta business banking even better.

Why categorization?

Have you ever been fed-up with dealing with bank statements and spent hours looking for certain transactions only to miss a crucial one? Penta solves these problems with the new categorization feature to make your life easier. This feature was requested by many customers in the past and at least 40% of our customers want to categorize at least one common incoming transaction type.

What can I do with the Categorization feature?

With the categorization feature, you will be able to rename the first nine categories for the incoming transaction and customize your banking account even further. Static banking interfaces are a thing of the past and custom is the new standard that traditional banks will have to compete with.

What are my advantages here?

The main advantages of this feature will be saved time and better organization of business finances. Assigning custom categories to common transaction type will help you find these transactions faster and stay on top of them with custom categories that fit your business.

How can I use the new feature?

The setup is easy. To customize your categories to you need to follow these steps:

1. Go to the administration tab
2. Click on the edit button (pencil icon)
3. Rename the category

4. Click “save”

Penta categorisation

You will receive a success message once the change was saved.
The feature is available now for all customers except for businesses “in Gründung”.

Important note

Renaming a category will automatically label all past transactions with the new category name.
Your feedback is always appreciated, and we will gladly listen to suggestions, ideas and improvements for this feature. Feel free to send us a message at any time.

Don’t have a Penta account yet? High time to get one!

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