Video: How to Categorize Transactions in Quicken
Categorizing Transactions in Quicken 2015
By categorizing your transactions, Quicken gives you a clear picture of your spending habits over time, allowing you to make changes as needed to stay on top of your financial responsibilities.
Quicken does this by downloading and categorizing transactions from your accounts, and showing you a simple chart of your spending patterns.
For more details, you can click on the pie chart and see transactions for each category.
You can change the date range to see your spending patterns over longer or shorter periods of time.
If you’d like to change the assigned category for a specific transaction, click on the category field next to the transaction in any register.
From here, you can either select a category from the drop down menu, type a specific category, or add your own category if the one you want isn’t available.
When you add a category, you can also include tax reporting information, so you’ll be prepared when the tax season arrives.
Once you’ve saved your changes, Quicken will remember this category and automatically assign it to this payee in the future.
Sometimes, Quicken won't recognize a payee, and will notify you of uncategorized transactions.
You can click on the notification to assign categories to these transactions now, or assign categories at any time in an account register by clicking on the category field.
Categorizing your transactions allows you to create custom reports based on the categories that are most important to you, such as household spending, business expenses or tax deductible expenses.
By categorizing your transactions, Quicken gives you a clear, organized view of where your money’s going, so you can take control of your spending and lead a balanced financial life.
For additional videos on how to use other Quicken features, visit Quicken.com.