Does Expenses Agent automatically classify expenses as personal? How is this classification determined?

Yes. Expenses Agent can automatically classify certain expenses as personal.

The application uses the merchant category code (MCC) associated with each credit card transaction to determine the classification. The MCC reflects the type of goods or services provided by the merchant.

For example, if a transaction has an MCC such as Barbers, Expenses Agent classifies the charge as personal because it isn’t considered a valid business expense.