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Quicken categories are a way to organize and track your expenses and income in the Quicken software. They allow you to categorize your financial transactions into different groups for better budgeting and financial management.
To add a new category in Quicken, go to the "Tools" menu and select "Category List." Then, click on the "+" button at the bottom of the list and enter the name and description of the new category. You can also choose a parent category and subcategory for the new category.
Yes, you can customize the categories in Quicken to better suit your financial needs. You can rename, delete, or merge categories, as well as change the category groupings and subcategories. To do this, go to the "Tools" menu and select "Category List," then click on the category you want to customize.
To assign a category to a transaction in Quicken, go to the transaction register and click on the transaction you want to categorize. Then, click on the "Category" field and select the appropriate category from the drop-down menu. You can also split a transaction into multiple categories if needed.
Yes, you can create your own categories in Quicken. This can be helpful for tracking specific expenses or income that may not fit into the default categories. To create a new category, follow the same steps as adding a new category (see question 2) and enter a name and description for the new category.