In Open, all transactions are auto-categorized under relevant accounts. Open will automatically detect and categorize all transactions that have been created via Collect and Pay, based on category you have provided while created collections and payments. If you haven’t chosen any category, some of these may remain un-categorized. This means you don’t necessarily need to create manual accounting entries for everything. However, you can edit most of these via the Transactions tab or while creating invoices/ bills/ fund transfers, you can ensure to select the relevant categories so that they would not need manual categorization at a later point.

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