METHOD AND SYSTEM FOR AUTOMATICALLY OBTAINING AND CATEGORIZING CASH TRANSACTION DATA USING A MOBILE COMPUTING SYSTEM

A financial management system and a user mobile computing system are provided and geo-location data indicating the position of the user mobile computing system is monitored. One or more cash transaction triggers are defined which are used to indicate that a possible cash transaction is taking place, or has taken place, involving the user. When a cash transaction trigger is detected, the geo-location of the user mobile computing system at the time of the cash transaction trigger detection is automatically recorded and used to identify/determine a business associated with, or closest to, the geo-location. A potential cash transaction entry is then automatically generated including description and/or categorization data for the potential cash transaction entry selected/determined based, at least in part, on the identified/determined business.