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Check out our user guide - The different ways to categorise your transactions - to see all the options and find a way that works for you✨
Frequently asked questions
Why do I need to categorise my transactions?
It’s important to categorise your transactions so that you can track your earnings and spending across different areas and create budgets.
Once your transactions are categorised, you’ll be able to use PocketSmith to easily see where your money is coming from and where it’s going, allowing you to make informed choices and budget accordingly!
Why do categories I've not created keep reappearing?
If you notice categories keep reappearing that you did not add, this is likely due to bank feed automatic categorisation. The option Auto-categorise where possible is selected by default when you first add your bank feeds. This results in new categories being made for you when new transactions are imported.
You can either turn this setting off, delete the bank feed category or edit the bank feed category name to one you’d prefer and PocketSmith will remember this for next time.
How do I assign categories to my transactions?
There are a few different ways that you can categorise your transactions within PocketSmith. We’ve got all the details in our user guide: The different ways to categorise your transactions
Can PocketSmith remember and automatically categorise similar transactions?
Yes! You can set up category rules so that PocketSmith automatically categorises your transactions and you won’t have to. Check out: Using Category Rules to automatically categorise transactions
Is it possible to have PocketSmith automatically categorise transactions based on both the amount and the merchant name?
Yes! If you need to categorise a transaction based on multiple criteria (e.g. amount, merchant, account, date), you can do this using a filter.
Unlike category rules, a filter lets you set multiple parameters to isolate a group of transactions, which you can then categorise, or even apply multiple changes to. To learn how to set up filters, please see our user guide: Everything you need to know about filters
I'm using the automatic categorisation by the bank feed feature, but there are some transactions that I'd prefer to assign to different categories. I don't want to set up category rules or filters to do this for me, I'd rather leave them uncategorised so I can assign these manually. Is this possible?
Yes, this is possible! If you've noticed some of your transactions are being incorrectly categorised by automatic categorisation from the bank feed, and you'd rather categorise them manually, you can create a filter to uncategorise these transactions for you.
When creating a filter, you'll just need to choose the 'No category' option in the Assign category field. Choosing this option means you can isolate particular transactions that are automatically categorised by the bank feed and set them to be uncategorised. This way, you can categorise them manually when you are ready. To learn how to create filters, please see: Everything you need to know about filters.