Use 'No Document Needed' when your company policy does not expect or require a document for that particular transaction based on specific criteria, such as the amount or type of transaction.
How to use 'No Document Needed' in Docyt
There are two ways in which 'No Document Needed' can be enabled:
a) At the time of transaction categorization.
b) By doing the setting of Auto Pilot in the Reconciliation Center module of Docyt.
A. At the Time of Transaction Categorization (Manually)
- Open an uncategorized transaction.
- You can check the' No document needed' check box to indicate that no supporting document is needed for a transaction. This is useful when no paperwork or evidence is required for the transaction.
B. Auto Pilot Action Setting in Reconciliation Center of Docyt
- Auto pilot settings enable the user to make custom rules to define actions for transactions that match specific conditions. These rules are applied to all uncategorized transactions.
- The detailed instructions are provided in a separate article, as mentioned below, covering how to do 'No Document Needed' settings in Auto Pilot in the Reconciliation Center module of Docyt:
FAQ
Q: I have a company policy where I do not require a receipt for transactions below a specific dollar amount. How do I manage this in Docyt?
A: Mark the transaction as 'No Document Needed'.
Q: What does "No Document Needed" mean?
A: When a transaction is marked as 'No Document Needed', it means that there is no requirement to attach a supporting document to it. This typically occurs when the company policy does not necessitate or expect a document for that specific transaction, based on factors such as the transaction's dollar value or type. This feature greatly reduces the amount of paperwork needed and enhances the efficiency of the record-keeping process.