How AI categorisation works

When you import transactions, Finance Frank's AI analyses each one and assigns a category automatically. This saves you hours of manual data entry.

What the AI considers

Frank looks at several factors when categorising:

• Transaction description — the merchant name or payment reference
• Amount — the size and direction (income vs expense)
• Date patterns — recurring transactions like subscriptions
• Your history — how you've categorised similar transactions before
• Common merchant patterns — widely recognised merchant → category mappings (see below)

Accuracy and learning

The AI improves over time as you use Finance Frank:

1. Initial import — Frank uses general patterns to categorise (e.g. "Woolworths" → Groceries)
2. Your corrections — when you re-categorise a transaction, Frank remembers
3. Future imports — Frank applies your preferences to new transactions

Editing transactions

Click any transaction to open it for editing. You can:

1. Change the category — select a different category from the dropdown
2. Toggle tax deductible — override the automatic deduction status
3. Add notes — record context like "client meeting" or "work travel"
4. Attach a receipt — upload a PDF or image for documentation
5. Delete — remove incorrect or duplicate transactions

Frank learns from your category corrections and applies them to future imports.

Smarter merchant matching

Categorisation has also been improved by learning common merchant → category mappings across the Finance Frank user base — so a well-known merchant is more likely to land in the right category on the first import, before you've ever corrected it.

This is privacy-safe by design:

• Only merchant-to-category mappings that have been confirmed by many users are used — nothing is inferred from a single person's data.
• No personal data is shared. It's the general pattern (a merchant name maps to a category), never your transactions, amounts, or any information that identifies you.

Your own corrections always take priority. If you categorise a merchant differently from the common pattern, Frank applies your preference to your future imports.

Available categories

Finance Frank includes standard categories aligned with Australian tax reporting:

• Income (salary, dividends, interest, rental)
• Groceries & household
• Transport & fuel
• Utilities & bills
• Entertainment & dining
• Health & medical
• Insurance
• Education
• Work-related expenses (deductible)
• And more

You can ask Frank AI to help you understand which categories apply to specific transactions.