Earlier, I showed you how Pattern Manager can isolate individual payees. However, there may be instances where the payee’s name is not exactly the same every time. For example, Insurance Company of America might also appear as Ins Co of America. Or there may be OCR errors from the conversion to Excel that renders the same name differently. Description Grouping addresses these issues. This feature uses “Fuzzy Matching” to group similar transactions together.
Here are 3 views of Description Grouping:
Groupings – Summary
Groupings – Detail
Groupings – Charts
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