About tagging transactions

Tags provide an additional way of classifying transactions in Quicken.

For example, you can use tags to group transactions for a specific event such as a vacation. Just create a tag called vacation, and tag all the applicable transactions accordingly. Later, to see the total cost of your vacation, you can customize a report such as the transaction report to include transactions with the vacation tag.

If you purchased Quicken Business & Personal, Quicken includes a specialized type of tag called a business tag. Business tags show you the income, expense, and deduction information for a business. See how tags work with businesses for more information.

If you purchased Quicken Business & Personal, Quicken includes a specialized type of tag called a rental property tag. Rental property tags show you the income, expense, and deduction information for rental property. See how tags work with rental property for more information.

What can I do?

How are categories different from tags?

Tags differ from categories in some important ways:

• Tags let you group transactions without categorizing them as income or expense.

• You can assign a transfer between accounts to a tag (for example, to show the purpose of the transfer).

• You can associate a tag with a specific copy of a tax form.

• Tags make it easy to track expenses in ways that would be very cumbersome with categories. If you used only categories to separate the expenses for two vacations, for example, you would need to create multiple versions of the same categories (Hotel Hawaii and Hotel Mexico, Airfare Hawaii and Airfare Mexico, and so on).

• Tags and categories used together provide more flexible reporting. In the vacation example above, tags provide the total vacation amount and categories can provide the detail (dining, lodging, airfare, and so on).