Mercury on Dwarkesh Podcast

At the end of the month, I go through the time-honored tradition of closing my books. I start by opening Mercury, which is my banking platform, to make sure that all my transactions are properly categorized. Auto-categorization rules handle the predictable stuff pretty well. But I'm constantly working with new contractors, you know, tutors and researchers and videographers, and I'm also trying new tools. Manually categorizing all of these transactions would add a couple of hours of overhead every single month. So instead of going through them one by one, I have Command, which is Mercury's built-in AI. Take a stab at all of them at once. Command proposes a category for each transaction and provides its rationale. I just review, I fix anything that's off, and I approve. And once all this work is done in Mercury, it syncs everything with QuickBooks. And Command's judgment calls are genuinely good. It does the obvious things like looking at the vendor, but it also investigates who on my team made the purchase and looks at notes and memos to build up as much context as possible. This is just one of the ways you can use Command to automate the back end of your business. To learn more, go to mercury.com slash command. Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column NA members FDIC. AI-generated responses and suggested actions may vary and are not guaranteed.