Category rules are checked against your transactions (after your Filters) and will re-categorise any transactions that have been automatically categorised from the bank feed.
How category rules work
Category Rules let PocketSmith do the heavy lifting 💪🏽 for you when it comes to getting your transactions categorised.
With Category Rules, you're able to set up your PocketSmith account to automatically categorise transactions just the way you like. This means less time spent manually categorising your transactions - yay!
Category Rules work by matching a transaction's merchant name to the merchant keywords belonging to a Category Rule. If a transaction's merchant name has text in it that match the Category Rules' merchant keywords, then that transaction will be assigned to the appropriate category.
Example of a category rule
Bridie shops at Betty's Liquor store for wine. She wants all her Betty's Liquor transactions to be automatically assigned to her 🍻 Drinks category. The trouble is, each time a new transaction comes in from Betty's Liquor, it often comes in with different details in the merchant name, such as, a different time, date, or card information etc.
When Bridie sets a Category Rule for Betty's Liquor, she needs to pick out the best merchant keywords from the transaction in order for the Category Rule to be successful each time a new transaction comes in.
In this case, the common merchant keyword for Bridie's transactions at Betty's Liquor is 'Bettys'.
For the full overview, please see: Category rules: An overview guide