Banking
Accounting
Taxes
Resources
Sign inGet started
Sign inGet started
HomeSupport
What’s the difference between a manual transaction and a regular transaction?

What’s the difference between a manual transaction and a regular transaction?

A manual transaction refers to an entry added to your Found activity for bookkeeping purposes. The key difference between a manual transaction and a “regular” transaction is that manual transactions do not move money into or out of your Found account.

For example, if you used a separate credit card to make a business purchase to take advantage of that credit card’s perks, you can add a manual transaction for that purchase in Found. This way, you’re keeping track of your expenses and Found is considering that expense as a deduction against your estimated tax payment.

The same applies to reporting income. Let’s say that you were paid for a service in cash. You can add a record of that income to Found by tapping the Add Income option on the Activity tab. Similar to manual transactions, this income is a bookkeeping record and does not refer to an actual deposit into your Found account.

Not sure if your activity item is manual or regular? Tap the entry and look for Manual Entry on the details page. This indicates that it was created by you as a bookkeeping record.

App icon cactus
All-in-one banking
for the self-employed

PRODUCTS
Banking

Have Questions?
Email our support team:
Follow Us

*Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.

The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc.

The information on this website is not intended to provide, and should not be relied on, for tax advice.

**Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.

Found partners with various providers to enable you to compare offers from participating institutions, such as lending, filing service, and insurance providers. Found is not a lender, a filing service, nor an insurance provider.

This website contains advertisement of Found and third party products and services.