Let AI classify every transaction in your account

It's the end of the month and you have to go through your bank statement: a hundred, two hundred transactions, each one with a weird bank reference that tells you nothing. Was that a payment to a supplier? A payment from a customer? A recurring charge you forgot about? Classifying all of that by hand in a spreadsheet is slow, it piles up, and it almost always ends with "I'll sort it out later."

The problem isn't just the time it takes. While your transactions aren't classified, you also don't really know how much you're owed, how much you owe, or whether this month's balance is good or bad.

What automatic classification does

In the Transactions panel in Miscostosfijos, every movement in or out of your account gets classified automatically with AI, with no need to tag each one by hand. You can also filter by:

• Cost center, if you split expenses by area or branch.
• Currency, if you charge or pay in more than one currency.
• Contract, if you want to see everything tied to a specific client or supplier.

With that set up, the panel shows you live income, expenses, the period's balance, and what you have in receivables and payables, without waiting for someone to close the books at month-end to find out.

Why this changes your day-to-day

Take an illustrative example: a services business receives about 40 customer payments a month and makes around 60 payments to suppliers and fixed costs. Classifying that by hand, even quickly, is easily two or three hours a month just naming transactions. Hours that aren't spent selling or taking care of customers.

With automatic classification, those hours come back, and more importantly, the owner can glance at the panel on any random Tuesday and know, without asking anyone, whether the month's balance is positive or negative. It's not only about saving time: it's having the information ready when you need it, not when someone finishes typing it in.

From transactions to reconciliation, in one click

Classifying movements is the first step, but the real goal is that what you see in your bank account matches what you have recorded. That's why, from the same Transactions panel, you can jump straight into reconciling each movement with its supporting document (invoice, receipt, or payment), without switching tools or hunting for a file in another folder.

This is especially useful when you handle several cost centers or currencies: instead of building a separate spreadsheet for each filter, you apply the filter in the panel and see exactly that slice of your information, updated in real time.

A more solid base for deciding

When your transactions are classified automatically, everything that comes after works better: whoever does your bookkeeping prep doesn't have to guess categories, the math on how much you're owed and how much you owe is reliable, and decisions about pricing or spending are based on current numbers, not a snapshot from last month.

It's not magic and it doesn't replace the business owner's judgment: the AI classifies, but you decide what to do with that information. What changes is how long it takes you to get to that decision point.

If you still go through your bank statement line by line every month, try Miscostosfijos free for 7 days and see your transactions classified from day one: app.miscostosfijos.com/register.