Categories

Category wise summary of Debit & Credit transactions across all bank accounts is displayed in this tab. This data is helpful in understanding the context or purpose of the transactions, and identifying the top sources of earnings & expenditure. Precisa classifies transactions into following categories. 

• Outflow Categories
  • Rent
  • Salary
  • Learning & Development
  • Sales & Marketing
  • Utilities – Electricity, Telecom, Water, Fuel
  • Insurance
  • Tax Paid
  • Loan – EMI, other loan payments
  • Interest 
  • Charges & fees – Bank charges, Minimum balance charged, Foreign exchange charges, Locker rent, Non-banking charges
  • Office Expenses
  • Vehicle Expenses
  • Travel & Transport
  • Games & Entertainment
  • Health & Wellness – Healthcare, Fitness
  • Food & Dining
  • Consumer Products
  • ECOM & Wallet Payments
  • Debit Card Payments
  • Credit Card Bill Payments
  • Donations
  • Commission
  • Cash & ATM Withdrawals
  • Investments – Term Deposits, Mutual Funds, Equity, Debt, Other Investments
  • Penalty & Fines
  • Sweep
  • Transfer to Self
  • Outward Funds Transfer – Cheque, NEFT, IMPS, UPI, RTGS, NACH, Netbanking/ Third Party Transfer, INFT, Mobile, Foreign Remittance
  • Inward Funds Transfer Return – Cheque Return, NEFT Return, IMPS Return, UPI Return, RTGS Return, NACH Return, Netbanking Return, INFT Return, Mobile Return, Foreign Remittance Return
  • Suspense

• Inflow Categories 
  • Rent
  • Salary
  • Loan – New Loan, EMI Return, Loan Repayment
  • Interest
  • Dividends
  • Investment Proceeds
  • Commission
  • Insurance Benefits – Insurance claims, Pension & Annuities
  • Tax Return
  • Cash & ATM Deposits
  • ECOM & Wallet Payments Refund
  • Debit Card Payments Refund
  • Reverse Sweep
  • Subsidy
  • Transfer from Self
  • Inward Funds Transfer – Cheque, NEFT, IMPS, UPI, RTGS, NACH, Netbanking/ Third Party Transfer, INFT, Mobile, Foreign Remittance
  • Charges Reversed
  • Outward Funds Transfer Return – Cheque Return, NEFT Return, IMPS Return, UPI Return, RTGS Return, NACH Return, Netbanking Return, INFT Return, Mobile Return, Foreign Remittance Return
  • Suspense

Following transactions summary is displayed for each category –

1. Category – name of the category
2. Start date – date of first transaction in the category
3. End date – date of last transaction in the category
4. Txn amount – total value of the transactions corresponding to the category 
5. % Total txn amount – % of the total debit or credit amount attributed to this category. For e.g., in a personal salary account, ~90% or more of total credited amount would come from Salary
6. Avg txn amount – average value of the transactions in the category  
7. Txn count – number of transactions in this category