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Managing business categories
Managing business categories
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Written by Paco
Updated over a week ago

Overview

With Quicken Business & Personal, use business categories to separate personal and business transactions to easily generate various reports, creating planned spending events, and more!

Things to note

  • When you create a business, its structure and tax form determine pre-generated business categories for your use.

  • On the web, transactions associated with a business display an icon next to the category. On mobile, the icon appears when you view the transaction.

  • If your subscription changes to Quicken Simplifi, you will retain your business categories.

Note: 1120-S and Form 1065 tax forms are currently not supported for reporting.

Creating a business category

If you don’t see the categories you need, you can create custom business categories.

To create a business category:

  1. On your Dashboard, click the Settings gear icon at the bottom left of the screen.

  2. Select Categories & tags.

  3. Click the blue + Category button.

  4. Enter a name for your category.

    1. If creating a subcategory, click on the Subcategory dropdown and select its main category.

  5. Select if this category is an expense or income.

  6. Select usage as Business.

  7. To make this category associated with tax information, click Tax Info.

    1. Click the Business toggle.

    2. In the Tax Form dropdown, select your business's tax form.

    3. In Tax Line Item, select the option that best fits your category.

    4. If you need to change the tax group, click on Select tax groups, check the box next to the tax group that best fits, and click Update.

  8. Click Create.

Mobile

  1. Click on the three-line icon on the top left side and click Settings.

  2. Click Categories.

  3. On the top right side of the screen, click the + icon.

  4. Select the usage type as Business.

  5. Enter a name for your category.

    1. If creating a subcategory, click on the Subcategory dropdown and select its main category.

  6. Select if this category is an expense or income.

  7. Select Usage type as Business.

  8. To make this category associated with tax information, click Tax Info.

    1. Click the Business toggle.

    2. In the Form dropdown, select your business's tax form.

    3. In Tax Line Item, select the option that best fits your category.

    4. To update your tax group, click on Select tax groups, click on the checkbox next to the tax group that best fits your business, and click Update.

  9. Click Create.

Editing a business category

  1. On your Dashboard, click the Settings gear icon at the bottom left of the screen.

  2. Select Categories & tags.

  3. Under Categories, find the category you want to edit and click the three-dot icon on its far right.

  4. Click Edit.

  5. After finishing your category edits, click Update.

Mobile

  1. Click on the three-line icon on the top left side and click Settings.

  2. Click Categories.

  3. Use the Search All Categories bar to find the category you want to edit and click on the category.

  4. After finishing your category edits, click Update.

Deleting a business category

  1. On your Dashboard, click the Settings gear icon at the bottom left of the screen.

  2. Select Categories & tags.

  3. Under Categories, find the category you want to delete and click the three-dot icon on its far right.

  4. Click Delete.

    1. A warning screen will appear asking you to confirm the deletion. Click Delete.

Mobile

  1. Click on the three-line icon on the top left side and click Settings.

  2. Click Categories.

  3. Use the Search All Categories bar to find the category you want to delete and click on the category.

  4. Towards the bottom of the screen, click Delete Category.

    1. A warning screen will appear asking you to confirm the deletion. Click Delete.

  • To learn more about managing personal categories and subcategories, click here!

  • For any additional questions, click on the messenger widget on the bottom right of the webpage to speak to one of our product coaches!

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