What is automatic categorisation?

One of the key features of the MoneyBrilliant service is automatic categorisation of the transactions on your financial accounts.  Each time we retrieve transactions for your accounts we automatically assign those transactions to categories.  Assigning transactions to categories makes it easier to set a budget and review your spending.

Transactions are assigned to categories based on the description that appears on each transaction.  The better the transaction description, the better the categorisation.