Managing Categories

Categories in Quicken on the Web help you organize your transactions by grouping similar types of expenses or income. This allows you to monitor spending, create detailed reports, and keep your budget on track. Here’s how to manage categories in Quicken on the Web:

Adding a New Category

To add a new category for your transactions:

1. Select the Settings option from the Navigation Bar.

2. Select Categories & Tags in the settings menu to open the categories management page.

3. Select the +Category button at the top right of the Categories section.

4. Add the Category details:

   • Category Name: Provide a name for your category, such as “Gaming” or “Web Income.”

   • Subcategory: If applicable, assign the category under an existing parent category.

   • Type: Select whether the category is for Income or Expense.

   • Description (optional): Add a brief description to clarify what the category is used for.

5. Save the Category: After entering the details, click Save to create your new category.

Editing an Existing Category

If you need to update or correct an existing category:

1. Select the Settings option from the Navigation Bar.

2. From Settings, navigate to Categories & Tags.

3. Use the search bar or scroll to locate the Category you want to modify.

4. Select the three-dot menu (⁝) beside the category and choose Edit.

5. Make the necessary changes to the Category Name, Subcategory, Type or Description.

6. Select Save to apply the changes.

Deleting a Category

If a category is no longer needed:

1. Select the Settings option from the Navigation Bar.

2. From Settings, navigate to Categories & Tags.

3. Use the search bar or scroll to locate the Category you want to modify.

2. Click the three-dot menu (⁝) next to the category and choose Delete.

3. Confirm the deletion when prompted.

Note: Deleting a category does not remove the associated transactions. These transactions will remain but will no longer be categorized.

How Categories and Tags work together

While categories help you classify transactions under broad expense or income labels, tags give you the flexibility to group transactions across categories. For instance, you might use categories for general expenses like “Groceries” or “Rent” and tags to track all purchases related to a specific event, like “Summer Vacation.” This system allows for greater precision in analyzing your finances and helps you manage projects, special occasions, or specific financial goals more effectively.