SURVEY ON CLASSIFICATION ENGINE FOR MONETARY TRANSACTIONS

Tracking regular expense is a key factor to maintain a budget. People often track expenses using pen and paper method or take notes in a mobile phone or a computer. These processes of storing expense require further computations and processing for these data to be used as a trackable record. Hence, we propose a system which helps its users in tracking their expenses on an everyday basis using a web application. In this application, user can either input their bank statements or manually feed the expense. The system reads this data and classifies it using Machine Learning Algorithm based on the type of expense.