Hello there, Trumps. Yes, QuickBooks Online (QBO) utilizes AI to help categorize your transactions. Once you connect your bank account, QBO will automatically download your transactions and make smart suggestions for their categories. However, nothing is final until you approve it. Head over to Accounting > Bank transactions > Pending or For Review to look everything over and confirm the suggestions.
If you have recurring transactions, setting up a Bank Rule can help automate the classification of those transactions in the future.
Feel free to return if you have follow-up questions.
