facebookHow to track credit card expenses using seedly? How do I know which transaction falls under which category and is seedly accurate in categorising? ? - Seedly

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Anonymous

25 Jul 2019

āˆ™

Credit Cards

How to track credit card expenses using seedly? How do I know which transaction falls under which category and is seedly accurate in categorising? ?

Am aware of the article but feel its not very comprehensive in explaining the steps

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Kenneth Lou

25 Jul 2019

Co-founder at Seedly

Hi there friend!
Basically there is the main way you can do this via syncing your bank accounts/card accounts on Seedly for most banks in Singapore (except DBS who recently pulled out)
To detail the steps here:

  • Sync account (card or bank)
  • Your transactions will automatically be imported
  • Categorisation happens on two sides (on the app and on our database)
  • We try to match the words to common things we find and categories (eg GRAB, BREADTALK etc)

I would say right now our categorisation engine is 90% accurate and it gets better overtime with more data in the system as well and we will try to improve the categorisation overtime.

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