This feature is available with Wave's Pro Plan.
Once every 24 hours, Wave automatically categorizes your bank-imported transactions and merges certain duplicate transactions to keep your books accurate. Any auto-updates that Wave makes are highlighted on your Transactions page.
Auto-updates cannot be turned off.
How auto-categorization works
Wave categorizes transactions imported from your bank connection based on the transaction description and your past activity. Wave needs to learn how you usually categorize transactions, through you manually categorizing some transactions, to begin auto-categorization.
If a transaction is incorrectly categorized or left uncategorized, you can categorize or recategorize the transaction.
Transactions imported via statement uploads are not automatically categorized.
Learn how to review auto-updates to your transactions.
How auto-merge works
Wave merges duplicate transactions when you manually mark a bill or invoice as paid, or you upload a receipt, and a matching transaction with the same account and amount is imported from your bank connection or statement upload.
If an imported transaction has multiple potential matches, to avoid an error, Wave will not merge it. Learn how to manually merge duplicate transactions. If transactions were incorrectly merged, you can unmerge them.
If a merged transaction has a receipt attached, the image remains attached. Click the Receipt icon to the right of the transaction to view the image.
Learn how to review auto-updates to your transactions.