As an entrepreneur, there are typically many deductions that you can take advantage of. Hurdlr’s Deduction Finder uses artificial intelligence to scan your expenses to help you find the ones that are likely deductible for your specific business. The deduction finder is shown when Hurdlr's system detects that a certain number of transactions are likely deductible.
To use Deduction Finder, first make sure that you’ve linked your bank account/credit card. If you haven’t linked your accounts yet, follow the steps here. To note, you cannot trigger the Deduction Finder on your own, it will only show as an option if our system flags likely deductible transactions.
To use Deduction Finder
Navigate to the Expenses Dashboard (Free & Premium)/Transactions Dashboard> Money Out (Pro)
Tap the ‘Scan Now’ button; if you have already used the Deduction Finder, tap the gear icon then ‘Find Deductions’
The Deduction Finder will pop up and scan your expenses
First review your ‘Very Likely’ expenses; you can select all by selecting the checkbox at the top or select the checkboxes next to the individual expenses you’d like to tag
Tap the ‘Tag as Business’ or ‘Tag as Personal’ buttons at the top to tag them
Select ‘Next’ in the top right corner and repeat the same process for the ‘Not Likely’ expenses
Tap ‘Done’ in the top right corner and Deduction Finder will let you know how many expenses were tagged
Any expenses that you don’t tag using Deduction Finder can be tagged in the Expenses Dashboard (Free & Premium)/Money Out Dashboard (Pro) directly.