Overview
Assigning Categories to transactions helps you track and understand your cash flow. When you download transactions from your bank, Quicken Simplifi automatically assigns a category based on a combination of crowdsourcing, nearby payees, and simple logic. You can choose from the default categories built into Quicken Simplifi and also create your own.
To add even more detail to your transactions, try using Subcategories. For example, rather than using the broad category of 'Travel' to track your business trip expenses, you could differentiate each transaction by using Subcategories like 'Airfare' and 'Hotel Accommodations'.
To view the Category List:
Click the ⚙️Settings icon in the upper-right corner.
Select Categories & tags.
Creating Categories and Subcategories
You can create as many categories or subcategories as you need. However, there is a limit to the category levels, as Quicken Simplifi only supports three levels: the main category and two subcategory levels (main category > subcategory > subcategory).
Access the Category List
Click the ⚙️Settings icon in the upper-right corner.
Select Categories & tags.
Click the blue + Category button.
Create a Category/Subcategory
For creating main categories:
Enter the category name.
Do not use the Subcategory Of field.
Select Income or Expense for the category type.
Select Personal or Business for the category usage.
For creating subcategories:
Enter the subcategory name.
Select the main category in the Subcategory Of field.
The category type will be pre-selected by the main category.
The category usage will be pre-selected by the main category.
Add Tax Reporting Info (optional)
Click Tax Info at the bottom.
Toggle on Tax Related.
Select the applicable tax form and tax line items from the menus.
Click Update.
Save the changes
Click Create when done.
Creating Categories and Subcategories from a transaction:
Create a new transaction or locate an existing transaction.
Select the Category field and then type the name of the category or subcategory you'd like to create.
Hover over Create in the drop-down menu.
Click Business or Personal.
Select Main Category or Subcategory of.
If creating a subcategory, select the main category from the list of existing categories.
Note: You cannot have both an income and an expense subcategory of a main category; all subcategories will take the main category's transaction type by default.
Editing Categories and Subcategories
Click the ⚙️Settings icon in the upper-right corner.
Select Categories & tags.
Search for the Category or Subcategory you'd like to edit.
Click the three-dot menu to the right.
Click Edit.
Make the necessary adjustments.
Click Update when done.
Deleting Categories and Subcategories
Quicken Simplifi allows you to delete most built-in categories, but some categories cannot be removed. These include Transfer, Credit Card Payment, Balance Adjustment, and Investment.
Click the ⚙️Settings icon in the upper-right corner.
Select Categories & tags.
Search for the Category or Subcategory you'd like to delete.
Click the three-dot menu to the right.
Select Delete.
Click Delete again to confirm.
Note: If the deleted category or subcategory is applied to a transaction, you'll be prompted to select a new category or subcategory for the affected transactions. Once changed, click Reassign & Delete.
Learn how to manage Categories and Subcategories in the Quicken Simplifi Mobile App.