Confirming imported transactions
Confirming your transactions on the Awaiting confirmation page is a useful way to double-check categorization and edits made to your transactions. There are a number of confirming options - you can choose all transactions, some transactions, or, no transactions at all, to be reviewed for confirmation.
In this user guide
Confirming your transactions
Confirming transactions on the Awaiting confirmation page lets you check that your recently imported transactions are looking their best 👌
Why should I confirm transactions?
Confirming transactions is entirely optional, but we recommend it for the following reasons:
- 🔃 Review transactions that PocketSmith has detected and marked as a transfer-type transaction
- 👓 Ensure that all elements of your transactions are recorded in PocketSmith to your preference
- 🔧 Review transactions that have been modified by automatic categorization, category rules or filters to ensure that these are being applied correctly
The Awaiting Confirmation page lets you approve each transaction with an OK ✅button. You can choose whether you confirm every single transaction that is imported into PocketSmith or just a specific type of transaction. For example, you might only want to confirm transactions that have been categorized using automatic categorization from the Bank Feeds.
You are able to:
- Confirm individual transactions
- Confirm selected transactions
- Confirm all transactions
Steps to confirm individual transactions
- 1
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Head to the
Transactions page
- 2
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Select
Awaiting confirmation from the sidebar
- 3
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If you want to make any changes while confirming your transactions, select the transaction to open the transaction card, and make your edits
- 4
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If you would like to immediately confirm your edited transaction, tick
Confirm transaction when saved, and then click
Save
- 5
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Click
OK to confirm each transaction
Confirm selected transactions
- 1
- Select the transactions you wish to confirm using the checkboxes to the left of the transaction listing
- 2
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Click
Confirm X selected
- I want to confirm all new transactions
- I don't want to confirm any automatic categorization
Confirm no automatic categorization at all
- I want to confirm transactions categorized by the bank feed service or my bank
Only confirm the categorization applied to a transaction from the bank feed or if your bank file contains categories
-
I want to confirm transactions categorized by either the bank feed system, my bank, or my own rules and filters
Confirm transactions that are categorized automatically in any way -
I want to confirm transfers automatically detected by PocketSmith
- 1
- Head to your Profile menu > User Preferences > Transaction confirming
- 2
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Choose from the available options:
- 3
- Click Save
Confirm all unconfirmed transactions
You are able to confirm all transactions in one go by clicking Confirm all
Transaction confirming options
You can either choose to review all transactions that are imported into PocketSmith to confirm, or you can choose from a few different other options.
Because your transactions can be automatically categorized in two main ways: by the bank feed or bank file, or from your own category rules and filters. You have the option to choose which of these automatically-categorized transactions to review for confirmation.
PocketSmith attempts to automatically mark your transfer transactions so that you don't need to do this manually or with filters. You have the option to confirm this automatic marking or not.
All transactions
Categorization
Transfers
Changing the transaction confirming option
Reconciling your transactions in PocketSmith
Whilst PocketSmith does not have a specific transaction reconciliation feature, you can use the Awaiting confirmation page to compare and reconcile any newly imported transactions with your online banking.
A further indicator of whether the transaction data within your account is accurate is whether your account balances are correct.
Bank feed accounts:
For accounts that use a bank feed balance, the current balance is imported from the bank feed so this may be correct even if the data within the account is inaccurate. The best indication of whether the transaction data is correct is the historic balances. If the historic balances are correct then the transaction data within the account is also correct.
If the current balance for your bank feed account is showing correctly, but you notice that your historic balances are not accurate, this is likely to be due to missing or duplicate transactions. For more detail on resolving balance issues please see: Incorrect balance for a Bank feed account
Offline accounts:
The current balance for an offline account is calculated from the starting balance for the account, plus the transaction data. If your current balance is correct, then the transaction data within the account is also correct.
If your current balance is incorrect, this indicates that either your starting balance is incorrect, or that there may be missing or duplicate transactions within your account. For more detail on resolving balance issues for offline accounts see: Incorrect balance for an Offline account