How do I categorise bank transactions?¶

Categorising tells myaccountant what each bank transaction was for. It then creates the matching record in your books, so it flows through to your reports and BAS.

Step 1. Go to Bank and open the account you want to work on.

Step 2. On the Uncategorised tab, click a transaction row. The Categorise Transaction panel slides open.

Step 3. Choose the Category Type — Expense, Income or Payment.

Step 4. Choose the Category that best describes the transaction.

Step 5. For income and expenses on a business account, set the GST Treatment — GST Free, Includes GST, or No GST. If you choose Includes GST, the GST Amount is worked out for you.

Step 6. Optionally add Notes, and tick the tax box if it applies (for example Not deductible for tax on an expense, or Not assessable for tax on income).

Step 7. Click Categorise. The transaction moves to the Categorised tab and a matching record is created in your Business or Property section.

Time-saver: if other uncategorised transactions from the same merchant are waiting, myaccountant categorises them the same way automatically and tells you how many it handled.

Suggestions¶

Transactions highlighted in violet show a suggested category (from your rules or AI). Click the row to review it, then confirm — or change it before saving.

Changing a category¶

To fix a transaction, open the Categorised tab and use Recategorise. This replaces the existing record with the new one. Uncategorise removes the record and sends the transaction back to the Uncategorised tab.

Related guides¶

• How do bank rules work?
• What do the tabs in a bank account mean?
• How do I connect my bank?