When you upload a bank statement, Adam automatically assigns each transaction to an account category, such as Sales Revenue, Bank Charges, or Office Expenses.
These categories determine how your transactions appear across your financial reports, including your Profit & Loss, Balance Sheet, etc.
ℹ️ Note: Accurate categorization means accurate reports.
How to Change a Transaction Category
Step 1: Go to Transactions
From the top navigation bar, click Transactions.
This opens your transactions table, which lists all transactions from your uploaded or synced bank statements, including the date, narration, amount, bank account, and assigned category.
Step 2: Change a transaction category
To update the category of a transaction:
Locate the transaction
Click on the Category column for that transaction
This opens the transaction categorization modal.
Step 3: Select a new category
Inside the categorization modal:
Search for the account/category you want
Select the appropriate account
Click Save
ℹ️ Note: Once saved, the transaction will immediately update to the selected category.
Apply categorization to similar transactions
If other transactions share the same narration or pattern, you can categorize them all at once. Before saving, check the box that says "Apply this categorization to similar transactions".
This tells Adam to apply the same category to:
Existing transactions with a similar narration
Future transactions that match the same pattern
For example:
If you recategorize a transaction narrated "Bank Charges" to Bank Fees Expense and check the "Apply this categorization to similar transactions" box, Adam will update that transaction and automatically apply the same category to all future transactions with the same narration, so you're not manually making changes to all the transactions.
ℹ️ Note: Using this feature regularly helps Adam learn your preferences and reduces the time you spend on manual categorization.