AI Transaction Categorisation

What it does

Smart Categorisation combines a 5-tier rules engine with AI fallback. When bank transactions arrive, the system first checks your custom bank rules, then provider categories (from Plaid, GoCardless, or Yapily), then merchant name matching, keyword matching, and historical patterns. If confidence is still below 70%, AI analyses the transaction description against your company's categories and industry to suggest the best match. Each suggestion includes a confidence score and reasoning.

Key actions

• Create bank rules for common merchants (highest accuracy)
• Review AI suggestions in the bank feed transactions page
• Accept or reject suggestions — the system learns from your choices
• Batch categorise multiple transactions at once
• Check the confidence score to prioritise manual review for low-confidence items

Getting started

Go to Banking > Bank Feeds > Transactions. Pending transactions show suggested categories with confidence scores. Click a suggestion to accept it, or choose a different category. The system learns from your choices to improve future suggestions. Free plans include 50 AI categorisations per month; paid plans get unlimited.