Definition of Categories

Consumer Accounts

Incoming

Category Definition
atm/bank deposit Money deposited into the account via ATM or directly through a bank transaction.
benefits Income received from the government (unemployment benefits, SSA , etc) or employer benefits.
cashback Money received as a rebate or refund from purchases made using a debit or credit card. Cashback is typically a percentage of the purchase amount and is credited back to the cardholder's account.
chargeback Money returned to the account due to a chargeback transaction, which occurs when a customer disputes a charge with their bank or credit card issuer.
ecommerce Revenue generated from online sales or transactions. This could include payments received from selling products or services through an e-commerce platform or website (e.g on ebay).
freelance Money earned from self-employment or freelance work. This could include payments received for freelance projects, consulting services, or contract work.
gambling Money obtained from gambling activities such as casino winnings, lottery prizes, or betting earnings.
grants or stipends Funds received as a grant or stipend for various purposes such as education, research, or financial assistance.
insurance Money received from an insurance provider as a claim payout for covered losses or damages. Unemployment insurance payout is also covered by this category.
inter account transfer Transfer of funds between the accounts of different individuals; or between the accounts of the same individual held in different financial institutions.
interest / dividend Income earned from interest on savings accounts, deposits, or dividends from investments.
intra account transfer Transfer of funds between the accounts of the same person in the same financial institution.
loans Money received as a loan from a lender. This could include personal loans, student loans, short-term loans, cash advances, etc. (does not include pawn loans).
not enough information Transactions for which there is insufficient data to determine the nature of the transaction.
other Transactions that do not fit into any other predefined category (e.g. covers credit card rewards, savings, etc. and other income).
pawn loan Money received from a pawnbroker in exchange for valuable items used as collateral for a short-term loan.
paycheck Salary or wages earned from employment.
peer to peer transfer Direct transfer of funds between individuals, often facilitated through peer-to-peer payment platforms or mobile apps.
pension Regular income received by individuals after retirement, originating from previously made contributions by employers, employees, or both. This encompasses payments from government, private, and occupational pension plans.
property rental Revenue earned from renting out real estate.
refund Money refunded for returned goods or services. This could include refunds from retailers, service providers, or utility companies.
reversal / adjustment Funds reversed/adjusted due to a transaction cancellation or error.
rideshare or delivery income Earnings from providing rideshare services (e.g. Uber, Lyft) or delivery services (e.g. Uber Eats, DoorDash).
tax refund Refund received from overpayment of taxes to government authorities, such as federal or state tax refunds.
trading (crypto) Transfer of funds from a cryptocurrency broker or exchange platform to the account holder's bank account.
trading (non-crypto) Transfer of funds from a stock brokerage account to the account holder's bank account.

Outgoing

Category Definition
app stores Advance payments made to Apple Store and Google Play Market for future purchases of software, music, games, etc. This includes funds added to Apple Wallet and similar platforms, intended for later use in buying digital content and services.
atm/bank withdrawal Money withdrawn from an ATM or bank branch.
auto lease payment Monthly payments made for leasing an automobile. This includes payments for the temporary use of a vehicle under a lease agreement.
auto loan repayment Regular payments made towards the repayment of an auto loan.
bank fee Charges incurred by the bank for various services such as account maintenance fees, ATM usage fees (does not include overdraft/nsf fees), etc.
books, newsletters, newspapers Spending on reading materials such as books, magazines, newspapers, or audiobooks and digital subscriptions.
buy now, pay later Payments made through buy now, pay later services or instalment payment plans.
cafes and coffee shops Spending at coffee shops or cafes for coffee, tea, pastries, or other refreshments.
childcare Expenses related to childcare services such as daycare, babysitting, or after-school care.
clothing Expenditure on clothing items including apparel, footwear, and accessories.
contribution to reserve fund Contributions made to a reserve fund or savings account for future expenses or emergencies. For example, monthly fees paid to a Homeowners Association (HOA) or a condominium complex by members, part of which goes toward a reserve fund to pay for neighbourhood maintenance and improvements.
convenience store Purchases made at convenience stores (these are usually small stores adjacent to the petrol stations).
council tax Council tax (in the UK) is a local taxation system collected by local authorities, applicable to domestic properties.
credit card bill Payment made towards the outstanding balance on a credit card account (covers the credit card fee too).
credit card fee Fees charged by the credit card issuers.
credit report Payment for credit report services or credit monitoring subscriptions.
debt collection Payments made towards debt collection agencies or debt settlement arrangements.
department or discount store Expenses at department and discount retailers. The label covers purchases from a variety stores, thrift stores, and hypermarkets too.
digital content / streaming Payment for digital content or streaming services such as music streaming, video streaming, podcasts or digital subscriptions.
donation Political donations and charitable contributions or donations made to nonprofit organisations or charitable causes.
drugstores and pharmacies Spending at drugstores or pharmacies for prescription medications, over-the-counter drugs, health supplies, or personal care products. Covers purchases from vitamin and supplement stores as well.
eCommerce purchase Purchases made online through e-commerce platforms or websites.
education Spending on educational expenses including tuition fees, school supplies, educational software, and digital courses. The label also covers payments to dancing schools, catering courses, and other occupational training. (learning by agenda).
electronics Expenditure on electronic devices such as smartphones, computers, tablets, televisions, or home appliances.
entertainment and recreation Expenses related to entertainment activities such as movie tickets, concerts, amusement parks, or recreational events. The label also covers digital games and all kinds of related purchases.
firearms Expenses related to the purchase or maintenance of firearms or firearm accessories.
food and drink Payments and purchases made for food and drink, including bakeries, bars, nightclubs, juice bars, restaurants, etc. This also covers food subscriptions, delivery services, and vending machines.
fuel Expenditure on fuel for vehicles including gasoline, diesel, or alternative fuels.
funerals and bequests Expenses related to funeral services, burial expenses, or memorial arrangements. This also covers the transfers of bequests.
gambling Money spent on gambling activities such as casino gambling, lottery tickets, or betting.
gifts Expenses on items from gift shops, flower shops, etc.
government Payments to government agencies or institutions for fines, licences, permits, or government services.
groceries Spending on groceries (from grocery shops, butchers, farm markets, and supermarkets).
home improvements and maintenance services Expenses for home improvement and housekeeping services such as landscaping, pest control, maintenance, alarm security, as well as purchase of household hardware like lumber, flooring and construction materials, paint, etc.
hotel or lodging Payments for hotel accommodations, hostels, airbnb, lodging, or temporary housing.
insurance Payment for insurance coverage such as health insurance, auto insurance, home insurance, or life insurance.
inter account transfer Transfer of funds between the accounts of different individuals; or between the accounts of the same individual held in different financial institutions.
interest Payment of interest on loans.
intra account transfer Transfer of funds within the accounts of the same person in the same financial institution.
investment Expenditures made to acquire financial assets or capital goods with the expectation of generating future income or profit. This includes purchases of stocks, bonds, mutual funds, real estate, and other investment vehicles.
laundry Expenses related to laundry services such as washing, drying, or dry cleaning.
legal services Payment for legal services including attorney fees, legal consultations, or legal representation.
liquor Expenses in the spirits stores on alcoholic beverages such as wine, beer, spirits, or cocktails.
loan repayment Payments towards the repayment of loans including personal loans, payday loans, cash advances, etc. (does not include auto loans, student loans and pawn loans).
media Payments and subscriptions for digital media services, including platforms such as iTunes, Netflix, YouTube, Vimeo, and similar services.
medical bill Expenses related to medical services, healthcare treatments, or medical supplies.
mortgage Payment towards mortgage loans for residential properties.
non-sufficient funds / overdraft fee Fees incurred due to insufficient funds or overdrafts on the account.
not enough information Transactions for which there is insufficient data to determine the nature of the transaction.
other consumer services Payments done to the consumer services providers such as mail and postage, shipping, moving services, self-storages, photography, religious services, etc.
other non-essential Expenses related to goods from printing stores and other non-essential costs.
other transport Spending on automobiles and other types of transportation such as bicycles, or scooters (rental, maintenance etc). The label also includes parking fees, long-distance touristic bus fees etc.
pawn shops Payment to redeem pawned items held as collateral for a loan.
peer to peer transfer Direct transfer of funds between individuals, often facilitated through peer-to-peer payment platforms or mobile apps.
pets Expenses related to pet care including pet food, veterinary services, grooming, or pet supplies.
public transport Expenditure on public transportation services such as buses, trains, subways, or trams.
recreational goods Spending on recreational items such as sports equipment, outdoor gear, hobby supplies, toys, tobacco and vape supplies.
rent and property management fee Payment for renting property such as apartments, houses, or self-storage. This includes property management fees.
rent to own Payments towards rent-to-own agreements where the lessee has the option to purchase the rented item after a certain period.
retirement contributions Contributions towards retirement savings plans such as 401(k), IRA, or pension funds.
ridesharing and taxis Payment for rideshare or taxi services for transportation.
saas tools Payments for software as a service (SaaS) tools or subscriptions such as cloud-based software, online services, or digital tools.
self care Expenses related to personal care products or services including skincare, haircare, beauty products, massages, tattoos etc.
sport and fitness Expenditure related to sports and fitness activities, including gym memberships, fitness classes, sports equipment, or athletic apparel.
student loan repayment Payments made towards the repayment of student loans, including federal or private student loans and education-related personal loans.
taxes Payments made to government authorities for taxes owed, such as income taxes, property taxes etc.
toll charge Charges for using toll roads, bridges, or tunnels for transportation.
towing companies Spending for vehicle towing services.
trading (crypto) Transfer of funds from the account holder's bank account to a cryptocurrency broker or exchange platform for purchasing or trading cryptocurrencies.
trading (non-crypto) Transfer of funds from the account holder's bank account to a stock brokerage account for purchasing or trading stocks, ETFs, or other securities.
utilities Payments for utility services such as electricity, water, gas, or sewage.
vehicle maintenance Expenses for vehicle maintenance and repairs, including oil changes, tyre replacements, or repairs to mechanical or electrical systems.

Miscellaneous

Category Definition
prenote: Used for transactions that are in a pre-authorization or pending state, awaiting final processing. This label covers 0-amount transactions, and bank account verification fees. Note: When a customer does not provide the amount of the transaction, they will get this label returned automatically.

Business Accounts

Please note that the categories in the response body (enrichment.categorisation.categories) will be shown comma-separated instead of hyphen.

Example: The label "financial services - bank verification - trial credit" in the response body will be displayed as:

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Copied
   "categories": [
              "financial services", 
			  "bank verification",
			  "trial credit"
            ]

Incoming

Category Definition
client deposit Payments received in advance from customers for goods or services that will be delivered or rendered at a later date.
financial services - ATM deposit Money deposited into the account via ATM to the business account.
financial services - bank deposit Money deposited into the account directly through a bank transaction.
financial services - bank verification - trial credit Small (less than £1) incoming amount received as part of the verification process for transactions or account setup.
financial services - credit card reward Expenses associated with credit card reward programs, including cashback, points, or other incentives provided to cardholders for using a credit card for purchases.
financial services - interest earned Income generated from interest on deposited funds or savings accounts.
government - grant Funding received from government agencies or programs for specific purposes such as research, development, or community initiatives.
government - tax - tax refund Refund received from tax authorities for overpayment of taxes, such as income tax refunds or sales tax refunds.
investment - dividend Dividends (additional shares) of a company's stock received from existing shareholders as a distribution of profits, typically as a reinvestment of earnings into the company's equity.
referral reward Rewards received for referring new customers, clients, or business opportunities to the other company.
refund Money refunded to the business by the merchants for returned goods or services.
revenue Miscellaneous sources of revenue not covered by specific categories. Acts also as an umbrella label for ecommerce revenue and wholesale revenue, when it's hard to differentiate between those two.
revenue - ecommerce Revenue generated from online sales through the business's ecommerce platform, including sales of products or services.
revenue - wholesale Revenue generated from wholesale transactions, where goods or services are sold in large quantities to retailers or other businesses for resale.
financial services - bank adjustment Adjustments made by the bank to the business account balance, often for reconciling discrepancies or correcting errors.
financial services - brokerage/exchange Transfer of funds to the business bank account from a currency brokerage account, often for trading, investment, or diversification purposes.
financial services - chargeback Chargebacks initiated by the customer through their bank or credit card issuer.
financial services - crypto brokerage/exchange Transfer of funds from a cryptocurrency brokerage account to the business bank account.
financial services - intra account transfer - checking Transfer of funds between the accounts of the same entity in the same financial institution (transfer to/from checking account).
financial services - intra account transfer - savings Transfer of funds between the accounts of the same entity in the same financial institution (transfer from to/ from savings account).
financial services - loan - bank Repayment of bank loan.
financial services - loan - MCA Repayment of a Merchant Cash Advance (MCA) loan.
financial services - loan - other Repayment of loans that do not fall under specific loan categories.
financial services - loan - revenue based financing Funding received by the business based on projected future revenues, with repayment tied to a percentage of future revenue. The label also covers repayments for the revenue based financing.
financial services - reversal Reversal of a previous transaction, initiated by either the business or the financial institution, often because of errors or unauthorised activity.
financial services - sweeps Automatic transfer of funds between accounts to maintain target balances or optimise cash flow.
government - loan Government loan payment.
investment - equity Capital invested in the business by external investors in exchange for ownership stake or shares in the company. Also covers cases when the company invests money in the equity of other business.
insurance Payment received from an insurance provider.
reimbursement Reimbursement of expenses incurred by the business on behalf of the merchant, such as shipping costs, warranty repairs, or service-related expenses.

Outgoing

Category Definition
cost of goods sold - customer return Expenses incurred due to customers returning purchased goods, including costs associated with handling returned items, processing refunds or exchanges, and any related logistics or restocking fees.
cost of goods sold - logistics - delivery - postage Expenses of postage for shipping items to customers, including expenses related to purchasing postage stamps, shipping labels, and any other postal charges incurred during the delivery process.
cost of goods sold - logistics - delivery - shipping Expenses associated with shipping goods to customers, including costs related to freight charges, and any other expenses directly related to the transportation of goods.
cost of goods sold - logistics - freight - air freight Expenses for shipping goods via air transportation.
cost of goods sold - logistics - freight - sea freight Expenses for shipping goods via sea or ocean transportation, often used for international trade, import/export, or bulk shipments.
cost of goods sold - logistics - information systems Expenses related to information systems utilised in logistics operations, including costs associated with software for inventory management, order tracking, and other logistical functions.
cost of goods sold - logistics - other Expenses for any other logistics-related expenses not covered by the preceding categories, including miscellaneous costs such as warehousing fees, handling charges, or specialised transportation costs, etc.
cost of goods sold - logistics - shipping and packaging materials Expenses related to shipping and packaging materials, including the cost of boxes, envelopes, packing tape, bubble wrap, and any other materials used for packaging and shipping goods.
cost of goods sold - other Expenses for any other costs of goods sold that do not fit into the specified subcategories.
cost of goods sold - supplies - inventory Expenses related to inventory supplies, including costs associated with purchasing, storing, and managing inventory stock.
cost of goods sold - supplies - raw materials Expenses incurred for raw materials used in production processes.
cost of goods sold - supplies - vendor payment Expenses associated with payments to vendors for supplies, including costs related to purchasing goods or services from external suppliers.
customer acquisition cost - advertisements - amazon ads Expenses associated with payments to the various platforms or channels used for advertising efforts aimed at acquiring customers. Each subcategory covers expenses related to advertising specifically on the respective platform.
customer acquisition cost - advertisements - facebook ads Expenses associated with payments to the various platforms or channels used for advertising efforts aimed at acquiring customers. Each subcategory covers expenses related to advertising specifically on the respective platform.
customer acquisition cost - advertisements - google ads Expenses associated with payments to the various platforms or channels used for advertising efforts aimed at acquiring customers. Each subcategory covers expenses related to advertising specifically on the respective platform.
customer acquisition cost - advertisements - media Expenses associated with payments to the various platforms or channels used for advertising efforts aimed at acquiring customers. Each subcategory covers expenses related to advertising specifically on the respective platform.
customer acquisition cost - advertisements - snapchat ads Expenses associated with payments to the various platforms or channels used for advertising efforts aimed at acquiring customers. Each subcategory covers expenses related to advertising specifically on the respective platform.
customer acquisition cost - advertisements - tik tok ads Expenses associated with payments to the various platforms or channels used for advertising efforts aimed at acquiring customers. Each subcategory covers expenses related to advertising specifically on the respective platform.
customer acquisition cost - materials Expenses related to materials used specifically for customer acquisition purposes, including costs associated with creating marketing materials such as brochures, flyers, banners, and promotional items.
customer acquisition cost - other Expenses for any other customer acquisition costs not covered by the specified subcategories. It may include miscellaneous expenses directly related to acquiring new customers, such as referral program costs or partnership fees.
employee spend - entertainment - gambling Expenses incurred for employee entertainment activities related to gambling, including costs associated with casino outings, poker nights, or any other gambling-related events.
employee spend - entertainment and recreation Expenses related to employee entertainment and recreational activities, including costs associated with team-building events, company outings, recreational facilities, and employee wellness programs.
employee spend - food and drink - delivery Expenses for different types of ‘food and drink’ for employees. Each subcategory covers expenses related to food delivery services, grocery purchases, and meals at restaurants.
employee spend - food and drink - groceries Expenses for different types of ‘food and drink’ for employees. Each subcategory covers expenses related to food delivery services, grocery purchases, and meals at restaurants.
employee spend - food and drink - restaurants Expenses for different types of ‘food and drink’ for employees. Each subcategory covers expenses related to food delivery services, grocery purchases, and meals at restaurants.
employee spend - other Expenses for any other employee-related costs not covered by the specified subcategories.
employee spend - travel - airfare Expenses related to air travel for employees, including costs associated with purchasing airline tickets, baggage fees, and any other expenses incurred during air travel.
employee spend - travel - automobile - gas and fuel Expenses for different types of automobile-related costs for employee travel. Each subcategory covers expenses related to gas and fuel, parking fees, vehicle rentals, and other expenses associated with using automobiles for business travel.
employee spend - travel - automobile - other Expenses for different types of automobile-related costs for employee travel. Each subcategory covers expenses related to gas and fuel, parking fees, vehicle rentals, and other expenses associated with using automobiles for business travel.
employee spend - travel - automobile - parking Expenses for different types of automobile-related costs for employee travel. Each subcategory covers expenses related to gas and fuel, parking fees, vehicle rentals, and other expenses associated with using automobiles for business travel.
employee spend - travel - automobile - rentals Expenses for different types of automobile-related costs for employee travel. Each subcategory covers expenses related to gas and fuel, parking fees, vehicle rentals, and other expenses associated with using automobiles for business travel.
employee spend - travel - lodging - hotels Expenses related to lodging accommodations for employee travel, including costs associated with hotel stays, Airbnb rentals, and other temporary accommodations for business trips.
employee spend - travel - other Expenses for any other travel-related costs not covered by the specified subcategories.
employee spend - travel - public transportation Expenses incurred by employees for using public transportation during business-related travel, including costs associated with fares for buses, trains, subways, trams, ferries, and any other forms of public transportation used for business purposes. These expenses may include purchases of tickets, passes, or cards for public transportation services.
employee spend - travel - rideshare and taxis Expenses incurred by employees for utilising rideshare services such as Uber or local taxi companies during business-related travel.
employee spend - travel - tolls and bridges Expenses related to tolls and bridge crossings incurred by employees during business-related travel, including payments made for toll roads, bridges, tunnels, and other infrastructure where fees are required for passage.
employee spend - travel - wifi Expenses related to Wi-Fi services incurred by employees during business-related travel.
facilities - electronics Expenses for electronic equipment used in business operations, including purchases, maintenance, and repairs of computers, printers, scanners, and other devices.
facilities - equipment Expenses related to the acquisition, maintenance, and upkeep of various equipment used within the business premises.
facilities - furniture Expenses associated with the purchase, maintenance, and upkeep of furniture items used within the office.
facilities - maintenance Expenses related to the upkeep, repairs, and general maintenance of the business premises and its infrastructure.
facilities - office rent Expenses related to the rental or lease of office space for business operations.
facilities - office supplies Expenses related to the procurement of essential supplies used within the office environment for day-to-day operations.
facilities - other Miscellaneous expenses related to facilities management that do not fit into the specified subcategories.
facilities - utilities - electricity Expenses associated with various utility services necessary for business operations.
facilities - utilities - gas Expenses associated with various utility services necessary for business operations.
facilities - utilities - internet Expenses associated with various utility services necessary for business operations.
facilities - utilities - other Expenses associated with various utility services necessary for business operations.
facilities - utilities - telecommunications Expenses associated with various utility services necessary for business operations.
fee - banking fee - international transaction fee Charges incurred for conducting financial transactions across international borders, typically imposed by banks or financial institutions.
fee - banking fee - NSF/overdraft fee Fees charged by the bank/credit card issuer for insufficient funds or overdrawing the account, often incurred when the business attempts to make transactions without sufficient funds available.
fee - merchant processing fee Fee charged by payment processors or merchant service providers for processing credit card transactions, debit card transactions, or other electronic payments.
fee - other Miscellaneous fees not categorised under specific banking or financial transaction types. This category encompasses any additional charges imposed by banks or financial institutions that do not fit into predefined fee categories.
fee - payment processor fee Fee charged by payment processors or payment gateways for processing online transactions, including transaction fees, processing fees, or gateway fees.
financial services - ATM withdrawal Money withdrawn from an ATM.
financial services - bank verification - trial debit Small (less than £1) outgoing amount sent as part of the verification process for transactions or account setup.
financial services - bank withdrawal Withdrawal of funds (cash) from the business bank account (usually in a bank branch).
financial services - credit card bill Payment made to settle outstanding balances on corporate credit cards.
financial services - credit card fee Fees charged by credit card companies for processing transactions, maintaining accounts, or providing rewards programs associated with business credit cards.
financial services - interest payment Payment of interest owed on loans, lines of credit, or other forms of debt financing.
financial services - mortgage repayment Repayment of a mortgage loan used to finance the purchase or construction of commercial real estate, such as office buildings, retail spaces, or industrial properties.
financial services - voided fee Fee for cancellation of the previous transaction.
gifts - donations - charity Contributions made by the business to charitable organisations or causes.
gifts - donations - other Contributions that are not classified under specific donation transaction type.
gifts - donations - political Contributions made by the business to political candidates, parties, campaigns, or advocacy groups.
gifts - other Miscellaneous expenses related to gifts given by the business that do not fall under specific gift categories. This label covers mainly employee appreciation gifts or client thank-you gifts.
government - compliance licences and permits Payments for licences, permits, or regulatory compliance fees required to operate the business legally within a specific jurisdiction or industry.
government - other Various government-related expenses not covered by predefined government expense categories.
government - tax - tax payment Payment of taxes including federal income tax, state income tax, Social Security tax, etc.
government - unemployment benefit Expenses associated with providing unemployment benefits to eligible individuals as mandated by government regulations or programs.
infrastructure - cloud operations Expenses for cloud-based computing services such as web hosting, data storage, etc.
infrastructure - manufacturing Purchases or leases of machinery, equipment, tools, or industrial appliances used in the manufacturing, production, or operation of the business.
infrastructure - other Various infrastructure-related expenses not covered by predefined categories such as manufacturing, servers, or website expenses.
infrastructure - servers Expenses associated with purchasing, leasing, or maintaining server infrastructure, data centres, or hosting services for storing, processing, or managing digital information.
infrastructure - website Expenses associated with domain registration, website design, development, hosting services, security measures, and any other expenses related to the online presence of the business.
intellectual property Expenses associated with acquiring, licensing, protecting, or enforcing intellectual property rights, including patents, trademarks, copyrights, or trade secrets.
invalid Returned when the description contains random characters/numbers (e.g. ffgsrt41258).
investment - real estate Expenses related to the acquisition, management, and maintenance of real estate properties as investments.
investment - share repurchase Buyback of company shares from the open market or existing shareholders, reducing the number of outstanding shares and increasing ownership concentration.
personnel - contractors Expenses related to the payments to contractors.
personnel - crowd outsourcing Fees paid for outsourcing tasks or projects to online crowdsourcing platforms or freelance marketplaces.
personnel - employees - benefits - healthcare Expenses related to providing healthcare benefits to employees, including premiums, contributions, or payments made towards health insurance plans, medical services, prescriptions, and other healthcare-related expenses.
personnel - employees - benefits - other This label encompasses various non-categorized employee benefits, such as wellness programs, tuition assistance, or childcare benefits.
personnel - employees - benefits - retirement funds Expenses associated with providing retirement benefits or contributions to retirement funds for employees, such as pension plans or other retirement savings programs.
personnel - employees - payroll - child support Deducting child support payments from employees' wages as required by court orders or legal agreements.
personnel - employees - payroll - fee Fees associated with payroll processing services or software used to manage employee payroll.
personnel - employees - payroll - salary Expenses specifically related to regular wages or salaries paid to employees for their work, typically on a recurring basis.
personnel - employees - payroll - tax Expenses related to withholding and remitting payroll taxes on behalf of employees, including income taxes, Social Security taxes, Medicare taxes, and any other applicable payroll taxes required by law.
personnel - other This label encompasses various non-categorized personnel expenses, such as employee recognition programs, HR consulting fees, or team-building activities.
personnel - recruiting Payments made to recruitment agencies, headhunters, or hiring platforms for sourcing, screening, or hiring candidates for job vacancies within the company.
personnel - reimbursements Reimbursement of expenses employees incur while performing business tasks for the company.
personnel - training and education Expenses related to providing training and educational opportunities for employees to enhance their skills and knowledge, including costs for workshops, seminars, courses, certifications, or tuition reimbursement programs.
professional services - accounting Expenses for accounting services such as bookkeeping, financial statement preparation, or tax filing services provided by external accounting firms or professionals.
professional services - consulting Expenses for consulting services provided by external consultants or consulting firms, often for specialised expertise or project-based advice.
professional services - legal Expenses for attorneys, law firms, or legal consultants for legal services, advice, representation, litigation, or contract drafting on behalf of the business.
professional services - other Miscellaneous expenses related to professional services that do not fit into specific professional service categories.
tools - software and saas Subscription fees paid for accessing or using Software as a Service (SaaS) applications, platforms, or cloud-based tools.
financial services - bank adjustment Adjustments made by the bank to the business account balance, often for reconciling discrepancies or correcting errors.
financial services - brokerage/exchange Transfer of funds from the business bank account to a currency brokerage account, often for trading, investment, or diversification purposes.
financial services - chargeback Money paid to customers due to customer disputes, fraud, etc.
financial services - crypto brokerage/exchange Transfer of funds to a cryptocurrency brokerage account from the business bank account.
financial services - intra account transfer - checking Transfer of funds between the accounts of the same entity in the same financial institution (transfer to/from checking account).
financial services - intra account transfer - savings Transfer of funds between the accounts of the same entity in the same financial institution (transfer to from savings account).
financial services - loan - bank Disbursement of bank loan.
financial services - loan - MCA Disbursement of a Merchant Cash Advance (MCA) loan.
financial services - loan - other Disbursement of loans that do not fall under specific loan categories in the hierarchy.
financial services - loan - revenue based financing Funding received by the business based on projected future revenues, with repayment tied to a percentage of future revenue. The label also covers repayments for the revenue based financing.
financial services - reversal Reversal of a previous transaction, initiated by either the business or the financial institution, often because of errors or unauthorised activity.
financial services - sweeps Automatic transfer of funds between accounts to maintain target balances or optimise cash flow.
government - loan Government loan disbursement.
investment - equity Capital invested in the business by external investors in exchange for ownership stake or shares in the company. Also covers cases when the company invests money in the equity of other business.
insurance Payment paid to an insurance provider.
reimbursement Reimbursement to the customer.

Miscellaneous

Category Definition
prenote: Used for transactions that are in a pre-authorization or pending state, awaiting final processing. This label covers 0-amount transactions, and bank account verification fees. Note: When a customer does not provide the amount of the transaction, they will get this label returned automatically.
not enough information Transactions for which there is insufficient data to determine the nature of the transaction.