Categorization of summarized information

An Internet connected server having software executing from memory providing a system for sorting and reporting financial transaction information, comprising:

• a collector function of the software, the collector function navigating to one or more network information sites and retrieving therefrom financial transaction information regarding expenditures associated with a specific person or enterprise, the transaction information including at least date, description and amount of the transactions;
• an input function of the software enabling a user to provide to the system a request for a summary of transactions over a specific range of dates;
• according to types and category of expenditures;
• a processing function parsing the collected transaction descriptions for determining an purpose expenditure category from a plurality of possible expenditures for each expenditure, using pre-stored description characteristics associated with each category, and summarizing those transactions that meet the category and fall into the date range;
• and
• a reporting function of the software reporting the summarized transactions,
• wherein expenditure categories are developed from information taken from communication between users and the system,
• wherein a probability algorithm is used in developing the expenditure categories, and
• wherein the expenditure categories are periodically amended according to further information that is collected and processed.