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The online banking service reads each code and translates it to a Quicken category.

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When you download credit or debit card transactions from your financial institution, the data may include a merchant code for each transaction.

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How Quicken suggests categories for transactions you update from your financial institution You can customize Quicken's register preferences to turn off this feature. If you change the category, Quicken remembers your change.

If you'd like to use the category Quicken suggests, just record the transaction as you normally would. If no matching payee is found, Quicken leaves the Category field blank.If Quicken finds a match, the category name is entered for you automatically. Quicken checks a list of thousands of payees to see if the payee name is recognized.If a split transaction with a matching payee is found, Quicken asks you to edit the transaction if the amounts are different from the amounts for the memorized payee.If there is a QuickFill or memorized payee, Quicken prefills the Category field with the category used in that transaction.When you enter a transaction, Quicken searches the Memorized Payee List and then the register for a transaction with a matching payee that was entered within the last year. How Quicken suggests categories for transactions you enter manually To make sure that you can get the most out of Quicken and to speed up entering transactions, Quicken helps fill in the Category field automatically. If you decide that you don't like the name of a category group, you can easily change it, and if you decide you no longer need a category group, you can delete it. When you run your budget report, Quicken totals the amounts you spent on movies and books and displays the total under Discretionary expenses. Instead of budgeting a specific amount for each category, you can assign the categories Movies and Books to the category group Discretionary, and budget $100 a month for Discretionary expenses. For example, suppose you want to budget $100 a month for the categories Movies and Books, but you don't care how that $100 is split between the two. You can create, edit, or delete a group of categories used for budgeting purposes. You can organize categories into category groups that you can use in budgets and in budget, cash flow, and summary reports.

Editing, changing, or deleting a category or subcategoryĬategory groups give you a simplified picture of your finances when you create reports. When your life circumstances change (for example, if you become a parent), it is usually more efficient to add all the categories from the appropriate list. Specialized investment categories, which begin with an underscore (such as _DivInc), appear in the Category List as soon as you add an investment account.ĭepending on how you answered questions during setup, Quicken may have included category lists organized around lifestyle factors such as marriage, owning a business, and so on.Your reports show the subcategory amounts as subtotals for their parent category. For example, you can create subcategories under the Recreation category to track how much you spend on specific activities. You can add detail by creating subcategories within a category.You can customize the Category List by creating categories of your own and deleting or hiding categories that you don't need.Select if this is going to be an Income or Expense type, or if it will be a Subcategory of a broader parent category.Type in a Category Name and Description.Choose New Category, which is located at the upper right of the Category List window.From the Quicken Tools menu, choose Category List.

Instant invoice n cashbook 10 license code