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 Settings from the left panel.
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).
Click Settings from the left panel.
Select Categories & Tags.
Click the blue + Category button.
Enter the name of your new category.
If this is a main category:
Select Income or Expense.
Select Personal or Business.
To add tax reporting:
Click Tax Info and toggle Tax Related on.
Select the applicable tax form and tax line items from the menus.
Click Update.
If this is a subcategory of an existing category:
Click the "Subcategory Of" menu.
Select the primary Category or Subcategory.
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 menu.
Click Business or Personal.
Select Main Category or Subcategory of.
If creating a subcategory, select the Main Category or Subcategory 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
Quicken Simplifi allows you to edit most of the built-in categories, although some cannot be edited. This includes Transfer, Credit Card Payment, Balance Adjustment, and Investment.
Click Settings from the left panel.
Select Categories & Tags.
Locate the Category or Subcategory you'd like to edit, then click the three-dot menu to the right.
Click Edit.
Make the necessary adjustments and click Update.
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 Settings from the left panel.
Select Categories & Tags.
Locate the Category or Subcategory you'd like to delete, then click the three-dot menu to the right.
Click Delete, then 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.