Manually categorize or recategorize transactions

Categorizing transactions in Wave helps you to track the amount under a specific account in your reports. For example, if you have multiple transactions categorized to the same expense account, the reports will help you understand the total amount spent on that expense over a certain period. If a transaction is not categorized, it will show on your reports as Uncategorized Income or Uncategorized Expense. Learn more about the reports available in Wave in Understanding your Reports page.

Manually categorize a transaction

Change the category of a transaction that was automatically categorized

Manually categorize a transaction

1. On the left-side menu, select Accounting > Transactions, and locate the transaction.
2. Click the Category field, and select an account from the dropdown menu.

   If you don’t find an appropriate option in the list, create a custom account under your Chart of Accounts by clicking on Add a new category at the bottom of the Category dropdown menu.

Change the category of a transaction that was automatically categorized

To learn more about how Wave automatically categorizes transactions see Automated bookkeeping with auto-updates.

1. On the left-side menu, select Accounting > Transactions, and locate the transaction with the incorrect category.

2. Click the auto-updates icon to the right of the transaction.

   

3. Click Change category from the dropdown menu.
4. Select a new category, then click Save.