8b9c979756644695a74dc2666da576aaQ: CRA - Canadian Taxes/Bookkeeping
Hi there,
I was reading a few reviews and was wondering how tied this product is to IRS compared to generalized bookkeeping. For example I read this:
"While banks can categorize transactions generically (e.g., “Shopping” or “Food”), Tabby categorizes according to IRS tax code - the actual categories that appear on your tax return (Schedule C line items). This is critical for accurate tax reporting."
I simply want the product to scan a credit card statement or bank statement that I upload and it categorizes it based on names of my defined categories and retailer. For example, if there is a transaction from Amzon.ca or Amzon or AMZN or AMZNCA, etc that it will mark it as part of our equipment purchases category.
Is this possible?
ahadthecpa
Mar 3, 2026A: It is absolutely possible to do that! While Taby is built to align with IRS codes by default, you can 'train' the AI to follow your specific bookkeeping preferences.
To do this, you simply need to categorize your first batch of data manually. By assigning transactions from retailers like 'Amzon.ca' or 'AMZN' to your 'Equipment Purchases' category, you are teaching the system your rules. Once Taby learns these patterns, it will automatically apply your custom categories to all future imports. It essentially acts as a personalized assistant that gets smarter the more you use it.
I notice the difference between Tier 1 and 2 are the following:
Advanced AI categorization
Advanced AI bookkeeping
Advanced financial reports
Ask Tabby
Can you please explain what these things are? For the "Advanced financial reports" and "Ask Tabby", are these reports and answered going to be based on regulatory rules with IRS?
Additionally, based on what I described above about the AI categorizing, does this sound like "Advanced AI bookkeeping"? Meaning, if I choose to sign up for Tier 1, will this not be possible?