Transaction Categories

thinklifepro's Avatar

thinklifepro

31 May, 2024 06:23 PM

Is there a way that I can set the category for downloaded and imported transaction so that they don't automatically default to ATM Withdrawal?

  1. 1 Posted by dwg on 31 May, 2024 10:28 PM

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    On the Account information screen you can set the default category for the account to what you want, many of us use a custom category, myself I have created one called "Uncategorized" and use this.

  2. 2 Posted by thinklifepro on 25 Jun, 2024 05:46 PM

    thinklifepro's Avatar

    Is there a way to set the category match manually so that when a transactoin comes it doesn't default to ATM Withdrawal and Uncategorized. If I already know the category can I set up the match for transaction that are from a vendor to be a specific category.

  3. 3 Posted by dwg on 25 Jun, 2024 10:15 PM

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    There is no manual list of this vendor should be assigned to that category.

    With how Moneydance works it should not be necessary to maintain such a list. When you imported/downloaded transactions you need to go through the confirmation process where you set what category a transaction is. Over time Moneydance picks up this correlation and should suggest the correct category.

  4. Support Staff 4 Posted by Maddy on 27 Jun, 2024 12:31 PM

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    @thinklifepro

    After downloading/importing your data, you should go through the confirmation process, as outlined here.

    To begin the confirmation process, you should select the first transaction in the register with a 'blue dot'. A panel will appear on the right of your screen which shows the 'Current Transaction' details. You should amend the category within this panel, then select 'Confirm'.

    You'll see the solid blue dot change to a blue circle. Moneydance will then move to the next unconfirmed transaction in the register.

    As you go through this process it will become quicker and easier. Moneydance will begin to recognize the information you have previously confirmed, and start to suggest the correct categories within 'Similar Payees' in the panel on the right.

    The next time you download from the bank many of the correct categories will automatically be assigned, and this will improve as you confirm more transactions.

    I hope this information is helpful. Please let us know if you have further questions or need more assistance.

    --
    Maddy, Infinite Kind Support

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