The different ways to categorize your transactions
Keeping your transactions categorised is super important to understand your earning & spending and to track your budgets! There are a few ways to keep on top of categorisation. We recommend setting up category rules to categorise the bulk of your transactions, but check out all the options below ✨
In this user guide
Categorising your transactions on the Transactions page
From the toolbar
- Head to the Transactions page
- Select the checkbox beside the transaction(s) you want to categorise
- Select Category from the toolbar and choose a category from the drop down menu or type a new category and click Create category: [category name]
Tip 👌
To categorise your transactions in bulk, you can tick the checkbox for more than one transaction at a time before you apply a category!
Within a transaction card
- Head to the Transactions page
- Select a transaction, then under the category field select a category from the drop down menu or type in a new category and click Create category: [new category name]
- Click Save
Note
Edit settings for newly created categories
If you'd prefer to do this later, just click Not now. You can always edit your categories from the Categories page (Manage > Categories) instead.
For more detail on editing category settings please see: Editing & deleting categories
Categorising your transactions on the Categorise transactions page
- Head to Categorise Transactions (Manage > Categorise Transactions)
- Under the category field, select a category from the drop-down menu or type in a new category and click Create category: [new category name]
- Click Save & continue
We've got more details about the Categorise Items page here: Using the Categorise Items page
Categorise by Merchant page
You can read more about the categorise by merchant page here: Categorising transactions: Categorise by merchant.
Categorising your transactions automatically with Category rules
Category Rules let PocketSmith do the heavy lifting 💪🏽 for you when it comes to getting your transactions categorised. With Category Rules, you can set up your PocketSmith account to automatically categorise transactions just the way you like. This means less time spent manually categorising your transactions - yay!
You can find out all the details here: Using Category Rules to automatically categorise transactions
Categorising your transactions automatically with Filters
Filters allow greater control over your transactions than category rules - you can use Filters to automatically assign categories as well as make other edits to organise your transactions just the way you like! Unlike category rules, a filter lets you set multiple parameters to isolate a group of transactions, which you can then apply multiple changes to.
Consider using filters for transactions that you'd like to apply more than one action to (other than just a category) 👌
You can find out all the details here: Everything you need to know about filters
Using automatic categorisation from the bank feed
You can choose to have your transactions automatically categorised from the bank feed if your accounts are linked to bank feeds. Some people like to use a combination of automatic categorisation from the bank feed, along with their own category rules!
Learn more about how automatic categorisation from the bank feed works, and how to turn this feature on or off, here: Automatic categorisation of transactions from the bank feed and how to turn it on or off