Ordering all transactions is overwhelming – yet still needed to make most out of taxes. For this, Lunafi is releasing a new automation feature to help users lower classification efforts we are calling “Rules”
This is the most requested feature request from our users to date, especially for the subscriptions our users use for their work: “Do I need to classify everything manually?” - Lunafi User
How do Lunafi Rules work?
Users will be able to create a rule for any transaction:
You can let Lunafi automatically classify any transaction as a business or personal transaction.
You can assign a category to any business spending while creating a rule, so Lunafi can remember it and auto categorizes every future transaction.
You can also create rules for excluding a transaction, such as an internal transfer between accounts.
Remember, you don’t have to create rules for excluding transactions like:
Deposits to your investment or saving tools. (like WealthFront, Robinhood, Stash, Way2Save, etc.)
Keep the Chance transactions.
Payment to your credit card balances.
Refunds to your credit cards
Lunafi already auto excludes these transactions as they are not relevant to be classified as an earning or spending.
How can I check if everything is on track?
You can filter your auto classified transactions on the Transactions Tab with visual cues on classified cards.
Classification is redundant. We want to make more time for freelancers to focus on their work. Let us do the redundant work.
Have questions or are interested in becoming a beta user?
We will continue to provide product updates to our current users. In the meantime, please feel free to reach out to the Lunafi team with any questions, and please share Lunafi to your friends in the Freelance community!