AI Categorisation

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

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.

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.