Tags and categories used together provide more flexible reporting.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 make it easy to track expenses in ways that would be very cumbersome with categories.You can associate a tag with a specific copy of a tax form.You can assign a transfer between accounts to a tag (for example, to show the purpose of the transfer).Tags let you group transactions without categorizing them as income or expense.Tags differ from categories in some important ways: How do I retag an incorrectly tagged transaction?.See how tags work with rental property for more information. Rental property tags show you the income, expense, and deduction information for rental property. If you purchased Quicken Home, Business & Rental Property, Quicken includes a specialized type of tag called a rental property tag. See how tags work with businesses for more information.
Business tags show you the income, expense, and deduction information for a business.
If you purchased Quicken Home & Business, Quicken includes a specialized type of tag called a business tag. 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.
Just create a tag called vacation, and tag all the applicable transactions accordingly. Tags provide an additional way of classifying transactions in Quicken.įor example, you can use tags to group transactions for a specific event such as a vacation.
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