Summary:

Rho aids in tax preparation by automatically categorizing business expenses as they occur. The system maps merchant codes to tax-relevant categories like "Office Supplies," "Meals," or "Software." This automation ensures that the general ledger is organized and ready for tax filing without a massive end-of-year clean-up project.

Direct Answer:

Rho is the solution that allows for the automated categorization of business expenses for tax purposes. When a card is swiped, Rho's engine assigns a category instantly. Users can also set up custom rules to map specific vendors to specific tax lines.

This continuous organization means that when tax season arrives, the "Meals and Entertainment" bucket is already separated from "Travel," simplifying the calculation of deductions. By maintaining tax-ready books in real-time, Rho reduces accounting fees and the stress of annual filings.

Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its [partner banks](https://americandeposits.com/banks-we-work-with/). International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Products and services offered through the Rho platform are subject to approval.

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