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When you connect a bank account, Penzum imports your transactions automatically and turns them into structured financial records. You can review everything in one place, correct categories where needed, and let Penzum handle the daily refresh so your numbers are always current.

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Viewing your transactions

All imported bank transactions live in the Bank section of the left navigation. Each row shows the transaction date, description (as it appears on your bank statement), amount, direction (incoming or outgoing), and the category currently assigned to it.
Only transactions from your connected bank account appear in the Bank section. Expenses you enter manually appear separately in Expenses. Both feed into the same dashboard totals and reports.

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Transaction types and how they are recorded

Penzum reads the direction and type of each transaction and records it accordingly. You do not need to classify incoming versus outgoing payments yourself — it happens automatically.
Transaction typeHow Penzum records it
Incoming paymentRecorded as income — increases your revenue total for the period
Outgoing paymentRecorded as an expense — increases your expense total for the period
Bank feeAutomatically created as a separate expense record in the Bank & financial fees category
Bank fees are split out deliberately so they do not inflate your business expense categories. You will always know exactly how much you are paying your bank, independently of your operational costs.

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Categorising transactions

Every imported transaction receives a default category based on the payment description. You can leave the default or change it to something more specific — the same set of categories applies here as for manually entered expenses.
1

Find the transaction

Open the Bank section and scroll to the transaction you want to categorise. Use the date filter or search bar to narrow down the list if needed.
2

Open the transaction detail

Click anywhere on the transaction row. The detail panel slides open on the right.
3

Change the category

Click the current category label and select the correct one from the dropdown. The change saves instantly — no separate save button needed.
After each daily sync, do a quick scan of newly imported transactions to catch any miscategorised items early. Keeping categories accurate throughout the month makes your end-of-month review (and tax preparation) much faster.

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Sync frequency and last sync time

Penzum refreshes your transactions once per day, automatically. You do not need to trigger a manual sync. The timestamp of the most recent successful sync is displayed at the top of the Bank page. If you need information about a transaction that occurred very recently and it is not yet visible, it will appear after the next scheduled refresh.

Daily automatic refresh

Penzum fetches new transactions from your bank every day in the background. Your records stay current without any action on your part.

Last sync timestamp

Check the top of the Bank page to see exactly when the most recent import ran. This helps you understand whether a very recent transaction is expected to appear yet.
If the last sync timestamp is more than 24 hours old, your bank connection may need to be reauthorised. Go to Settings → Connections and check the status of your bank account link.