Understanding categories
How Noryo sorts your spending: the category taxonomy and the automatic categorisation of your transactions.
Categories are the backbone of your tracking. They turn a long list of transactions into a clear view: how much goes to housing, food, transport or leisure. This article explains how Noryo sorts your spending and how the app handles it automatically.
Without categories, an expense is just an amount. With them, your charts, your budgets and your Noryo Score become meaningful and telling.
An organised taxonomy
Noryo files your transactions into a taxonomy, that is a consistent set of categories: housing, transport, food, and many more. Each expense joins the category that fits it, which makes comparing and analysing easy.
A few spending families
- Housing
- Rent, home loan, charges, energy and home maintenance.
- Transport
- Fuel, public transport, vehicle upkeep and travel.
- Food
- Groceries, supermarket and everyday purchases for eating.
- Leisure
- Outings, entertainment subscriptions and activities.
Automatic categorisation
When a transaction arrives, Noryo automatically assigns it a likely category based on the merchant and the transaction type. So you have almost nothing to do: most of your spending is sorted as soon as it lands.
The transaction arrives
A new transaction is fetched from your connected bank.
Noryo suggests a category
The app identifies the merchant and assigns the most likely category.
You confirm or adjust
If the category does not suit you, you change it in one move, and Noryo takes note.
Automatic categorisation is a starting point. You stay in control of the sorting: recategorise freely, and create rules so your preferences apply to future transactions.
Transactions to categorise
Sometimes Noryo cannot determine the category with certainty. These transactions appear in the to categorise filter, so you can sort them in a few seconds. Handling them regularly keeps your analyses accurate.
Manual expenses
Cash or off-bank payments do not appear automatically. You can add them by hand and assign them a category, so your tracking truly reflects all of your spending.
Budgets rely on categories: a cap is set per category. The better your transactions are sorted, the more reliable your budgets are.
Questions about categories
Can I change the category of an already sorted transaction?
Yes, at any time. Open the transaction and pick another category. The change flows through to your analyses.
Does recategorising apply to past transactions?
Recategorising affects the selected transaction. To act on the future, create a merchant rule that will apply to upcoming transactions.
What should I do if many transactions are misfiled?
Recategorise them and create rules for your frequent merchants. The sorting becomes reliable quickly.
To make your preferences last over time, discover the automatic categorisation rules.
Apply your choices to a merchant's future transactions.