Why are the totals showing next to my vendor’s name?
Understanding Vendor Totals in Hedgi When viewing vendor transactions within a specified date range in Hedgi, you will notice a total amount displayed next to each vendor name. This vendor total represents the cumulative amount paid to that particular vendor across all transactions in the selected date range. For example, if you are viewing all […]
Why are there Hedgi AI vendors? What about my vendors?
Hedgi AI Vendors vs Custom Vendors Hedgi AI will automatically tag common vendors based on those frequently used by other Hedgi users. These are the AI vendors. However, you can also create and tag Custom vendors specific to your business transactions and relationships. Key Differences: AI Vendors – Predefined by Hedgi’s AI based on popularity […]
What does that red flag mean?
Understanding Transaction Errors in Hedgi When reviewing your transaction history in Hedgi, you may notice a red flag icon appearing next to certain transactions. This indicates an error that needs your attention. These transaction errors are typically caused by: The red flag serves as an important visual warning that there is an issue with that […]
How do I create tags?
Using Custom Tags in Hedgi Transactions When logging transactions in Hedgi, you have the ability to create custom Tags to organize and track activity. Adding Tags: Benefits of Custom Tags: Take advantage of tags to label transactions in ways most meaningful for your business. Having customized tags makes filtering and tracking financial data much easier […]
How do I view tags?
Viewing Spending by Tags in Hedgi Hedgi makes it easy to see how much you have spent per custom tag across your transactions: This “Show Tags” view offers a quick way to analyze spending categorized by your custom tags. You can instantly see which tags are incurring the most costs and dig into the details. […]
What does the benchmark mean?
Understanding Category Benchmarks in Hedgi One of the key benchmarking features in Hedgi is comparing your spending by category to average industry levels. The Transactions tab in Hedgi displays helpful benchmark comparisons from our partner, Bizminer, so you can evaluate your business performance versus key industry standards. The benchmark is presented on the sliding scale […]
How do I exclude a transaction?
Excluding Transactions in Hedgi Here are the steps to exclude a transaction in Hedgi: Key points: Excluding is useful for removing extraneous or erroneous transactions that shouldn’t impact your accounts. Hedgi makes it easy to exclude items and adjust your books accordingly.
Why would there be no match?
Hedgi’s “No Match” designation provides a critical safeguard for categorization accuracy when the AI cannot confidently classify a transaction automatically. Reasons for no match: With “No Match”, Hedgi ensures: This cautious approach prevents erroneous classifications. If the AI is unsure, you categorize transactions. By combining machine learning with manual oversight, Hedgi delivers the best of […]
What is a multiple match in bookkeeping automation?
Hedgi’s Multiple Match Feature Hedgi’s “Multiple Match” feature enables multiple, automated tax category suggestions while prioritizing categorization accuracy. In bookkeeping automation, there may be multiple tax category outcomes for the same vendor. How it works: Benefits: With “Multiple Match”, Hedgi combines AI-driven recommendations with human discernment. This enables fast yet accurate transaction categorization. The system […]
What is a single match?
The “Single Match” is an automation feature in Hedgi which enables automatic journal entries for transactions when there is a high confidence match. How it works: Benefits: With “Single Match”, Hedgi handles routine categorization automatically. This leaves only non-matched, or high-risk transactions for manual review. The system streamlines categorization using intelligence to classify unambiguous transactions. […]
