Yes, that is possible from a Desktop Browser Application.
Also, this sort of thing becomes possible if you connect your accounting software. Currently, the only deeply integrated accounting platform is QuickBooks Online.
With that you can sync your relevant GL accounts (Assets, Revenue & Liabilities, Expenses) and auto-categorize them into the cost/income categories pulled from QBO directly in the app.
Otherwise, the auto-categorization is based on the internal and customizable expense and income categories.