Hello,
The majority of my credit card expenses download without a category. Is there any way to improve this? If no, what is the most effective way to add a category to multiple expenses at once? Many of the expenses are repeat items.
Thank you
The financial institutions that you download from have no way of knowing what your categories are … they aren't downloaded.
I customarily input my transactions manually and assign the categories (I split most transactions) then. So, the download becomes a confirmation that I got the info correct. It also allows me to easily spot un-input transactions (I discovered multiple frauds this way) or txn that I simply recorded in the wrong account.
You might also look into memorized transactions with $0 value. That way you can get the categories as you want and merely update the amounts
The first step is to use Renaming Rules to get consistent payee names. For example a renaming rule to change payees Starbucks Store#123 and Starbucks Store#456 into payee Starbucks.
Once you have consistent reading payee names, create Memorized Transactions to map the payee to a category. For example payee Starbucks to category Dining:Fast Food.
