Categorize or recategorize transactions

Categorizing transactions in Wave allows you to track your income and expenses under specific accounts in your reports. If a transaction isn’t categorized, it will show as an Uncategorized Income or Uncategorized Expense. Learn more about reports in Understanding your Reports page.

With a Pro Plan subscription, Wave automatically categorizes imported expense transactions. To learn about auto-categorization, see Automated bookkeeping with auto-updates.

Categorize or recategorize a transaction in your web browser

Categorize or recategorize a transaction in the Wave mobile app

Categorize or recategorize a transaction in your web browser

1. On the left-side menu, select Accounting > Transactions.
2. Locate the transaction.
3. Click the Category field and select an account from the dropdown menu. To create a new account, click Add a new category.

Categorize or recategorize a transaction in the Wave mobile app

Accounting transactions in the mobile app are included in Wave’s Pro and Receipts Plans. Learn about Wave’s plans.

1. Log in to the Wave mobile app.
2. On the bottom menu, tap Accounting > Transactions.
3. Tap on the transaction.
4. Tap Add category, then select a category from the list. To create a new category, tap the + icon at the top right.
5. Tap Save.

Newly created accounts will appear in your Chart of Accounts in the web browser version of Wave.