There are two types of transactions in the REI Hub system. Imported Transactions come in from a Linked Account (or Excel upload), including the date, amount, description, and originating account. They are a data source — they are not part of your actual financial records yet.

To add an imported transaction to your records, you must ‘book’ it by adding the information needed for complete bookkeeping. This means specifying the type of transaction (expense, revenue, loan payment, etc.), the relevant accounts (e.g., Repairs for an expense, Rent for a revenue), and where the funds landed. All the information we have is prefilled, and there is a drop-down for every other field with the available options; it’s easy!

After everything has been saved, the imported transaction now points to a Booked Transaction. Booked Transactions are your financial records, this is the information from which all the reports pull. You can consider the Booked Transactions page to be the general ledger.

Want to save a ton of time? You can automatically book imported transactions using Transaction Matching Rules based on the description or amount.

The second type of transaction in REI Hub is a manually added transaction. All transactions added manually to the system are automatically booked. Linked accounts and/or uploading transactions are a time-saving convenience, but they are not required to keep your books fully in REI Hub.