Tell me 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 Home & Business, Quicken includes a specialized type of tag called a business tag. Business tags (When you add a business to Quicken, you associate a tag with a specific business. Once a tag is linked to a business, it becomes a business tag that enables Quicken to group the transactions for the specified business in the Business Center snapshots and the Tax Planner. Quicken also groups transactions by business in the Tax Schedule report and the Schedule C report) show you the income, expense, and deduction information for a business. See how tags work with businesses for more information.

If you purchased Quicken Rental Property Manager, Quicken includes a specialized type of tag called a rental property tag (In Quicken, a tag associated with a rental property becomes a rental property tag. Similarly, a tag associated with a unit of a property is a unit tag. Quicken uses tags along with the property name to group the transactions for the specified property in the Rent Center snapshots, the Tax Planner, and reports.Give me an exampleIf you refer to your property at 310 Central Park, as 'Central Park', enter property name as 'Central Park' and the tag as 'Central'.. ). 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 (A way of identifying the purpose of your transactions, such as Utilities, Groceries, Paycheck, and so on. Quicken uses these categories to create reports and graphs). 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).

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