Review Expenses And Find More Deductions

From the Summary Expense Report, if you click on either

• Look For More Deductions, or
• Any expense category

You will navigate to the main expenses workflow. In these screens, you can review any expenses that Prosaic has automatically detected, find, add or remove expenses, and make any adjustments, such as removing GST, changing the claim ratio, or moving expenses between categories.

As you review expenses and adjust your claim, the total deductions card at the bottom of your screen will update in real time, to give you a sense of how your claim is progressing, and helping you prepare for the final step which is to share you claim with your account, or post to Xero, to claim your tax credits.

Below are some ways you can review, adjust and complete you expense claim in Prosaic

Review Expenses By Category

Clicking Next or Previous will step you through each of the expense categories. Some may not be relevant for you, in which case you can just skip through.

If you want to jump ahead, select the drop down menu to move between categories.

Adjust Individual Expenses

Any bank transaction which has been claimed as an expense can be adjusted

• Add or remove GST by editing the GST amount

• Override the % by editing the default claimed amount

• Add or remove transactions from expense claims or
• Move expenses between categories

Adjust Multiple Expenses in Bulk

Any group of expenses can be selected and edited in bulk to either

• Change the category
• Add or remove from a claim
• Change the % claim ratio

Find Missing Deductions

Because Prosaic often imports thousands of transactions from any given financial year, we've designed the user experience to make it easy to quickly search, sort and filter bank transactions to find and claim expenses or groups of expenses. Here are some of the ways you can do this.

• Filter bank transactions by bank account

• Filter by merchant category (eg "Clothing Stores")

• Search by merchant name

Review Other & Uncategorised Transactions

Bank transaction data is enhanced as it arrives in Prosaic, enabling us to identify and categorise around 90% of merchants from raw bank transactions, however there will always be some transactions that cannot be easily or automatically categorised, examples of this include

• Person to person transfers
• Cash payments or withdrawals
• Some automatic payments (like loans, rent payments etc)

These will instead be labelled as 'Merchant Unknown' and generally categorised into 'Other'

You can still review, categorise and claim these transactions. Prosaic will then attempt to remember and identify them in future - although this is not 100% accurate, as often the raw transaction data can change (for example bank automatic payments sometimes append dates or other reference data)