You went for a vacation with your family and you need to keep track of all the expenses related to this vacation. They help you to group and analyze all transactions related to a specific event. Tags provide an additional way to classify and group your transactions. That said, we recommend customers new to Quicken to start by using the default category list and customize this list as you become more familiar with the capabilities of Quicken. In this image, the categories can be seen in the left dropdown and the more specific subcategories can be seen on the right. You can add new categories and sub-categories, rename existing categories, merge similar categories and delete categories you don't need. However, you are free to customize the category list to fit your specific needs. Quicken provides a comprehensive list of default categorizes. This grouping is displayed in reports and graphs that help you easily analyze your transactions. In Quicken, categories and subcategories are used to classify and group your transactions. However, you should consider the use of categories as required, whereas Tags are optional. Tag s add another layer of power to reporting and managing your transactions. Categorized transactions drive several key features: Reports and Graphs, Tax Reporting, and Budgets. Associating categories with your transactions is a fundamental part of Quicken.
