Thing is that if you haven’t categorized your invoices/bills while creating them, they will be marked as ‘Uncategorized’ under their respective chart of accounts.

Similarly, when you link a bank account to Open, the statement that is auto-imported and all the transactions in that statement would be marked ‘Uncategorized’ by default.

It’s better if you update these transactions and mark them to their relevant categories. This helps you to have an up-to-date accounting overview of the business.

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