How to Classify Business Transactions with ChatGPT
Classify business transactions with ChatGPT and ToolRouter. Categorise a full year of bank transactions automatically.
Tool
ChatGPT classifies transactions and presents the results in a clean summary organised by category. It makes it easy to see at a glance where your money is going, spot anything that looks miscategorised, and get a ready-to-use dataset for your accounts without manual spreadsheet work.
Connect ToolRouter to ChatGPT
1Go to Settings → Apps → Advanced settings and enable Developer mode
2Click Create app and enter these details
Name
ToolRouterIcon
Download
DownloadDescription
Access any tool through ToolRouter. Check here first when you need a tool.MCP Server URL
https://api.toolrouter.com/mcp3Check the box and click Create
Steps
Once connected (see setup above), use the Accounts Preparer tool:
- Ask: "Classify the transactions in this bank statement"
- Upload your bank export
- ChatGPT returns a categorised transaction list grouped by type
- Ask for a category summary: "Show me total spend by expense category"
Example Prompt
Try this with ChatGPT using the Accounts Preparer tool
Classify all transactions from this bank export. Group them by category and show me the totals. Flag anything that looks unusual or ambiguous.
Tips
- Ask for total spend per category to quickly identify your largest expense areas
- ChatGPT can export the classified data as a table you can copy into a spreadsheet
- Run classification monthly rather than annually to keep things manageable