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Finding the right category for a bank transaction

Which category should you use for a transaction?

Written by Lionel ROSU


With BILLY, your transactions are categorised automatically 🙌 Sometimes a transaction is trickier to categorise automatically, especially if the description is not precise enough.

How do you categorise rent paid or an expense for which an invoice was issued? We explain everything 🤓


Transactions to categorise

From your bank account, you can easily see the number of transactions that do not yet have a category. To display only these transactions, click on the following filter 👇

Screenshot coming soon

Finding the right category

If you are unsure which category to apply to a transaction, you can hover over the category to get a more complete description of it.

To help you, here are some categorisation examples:

Transaction examples

Categories

I transfer money between my personal account and my business account.

If it is a deposit into your business account 👉 Private contribution

If it is a withdrawal from the business account to your personal account 👉 Private withdrawal

I pay a personal expense from my business account

Private expense

I pay bank charges (e.g. file fees, credit opening).

Bank charges

I pay rent, for example for my office

Rent paid

I pay a fee retrocession

Retrocession

I make an advance tax payment or pay tax

Taxes

I deposit cash from the till

Cash deposit

I pay my social contributions

Social contributions

Not sure about the category?

Feel free to ask us on the live chat! The whole team will be happy to help if you have any doubts about a category 😊

Plus, thanks to your questions, we can improve the category tooltip or even the intelligence of the automatic categorisation 🧠

See you soon!


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