This topic provides detailed information about the categories and tags that you can associate with your transactions.
It is important for you to associate categories with your financial transactions. This is because categorized transactions drive key features such as reports, graphs, tax reporting, and budgets.
Tags add another layer of classification to help you manage your transactions and view reports. Although optional, they are useful in many situations. Learn more about categories, tags and the differences between them.
Categories
Customize categories to fit your needs
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Once the new subcategory is created, you can associate it with your transactions. If the subcategory is for a tax-related income or expense, you can optionally assign tax line items to categories, which will then be used to populate the Tax Summary report.
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