Assign a category to a transaction
By assigning a
category to each transaction, you can track the reason for the
expense (for example,
Gasoline or
Groceries) or income item (for example,
Wages & Salary or
Dividends).
Categorizing helps you track specific income and spending patterns
in your Money reports and your budget.
To categorize your transactions, you can use the standard
categories that come with Money, or create your own categories. You
can remove, modify, or delete categories at any time.
Note: The steps you follow for this task depend
on whether you're using the Essential Account
Register (In Money, a streamlined version of the account register
that lets you track the accounts that you update online without
tracking transactions in detail or balancing. ) or the
Advanced Account
Register (A version of the account register in Money that enables
you to track individual expenditures in detail. It can be updated
online or manually.) . To find out which register you're
using, look for the Essential Register or
Advanced Register label in the upper-right corner
of the account register.
- Click Banking, and then click Account
List.
- Click an account.
- Click the transaction you want to assign a category to.
- In the box below the payee name, select a category and, if
necessary, a subcategory
(A
subset of an income or expense category. For example, Gasoline and
Maintenance could be subcategories of Automobile expenses. )
.
- Click Save.
- Click Banking, and then click Account
List.
- Click an account.
- Double-click the transaction you want to assign a category
to.
- In the Category box, select a category and, if
necessary, a subcategory
(A
subset of an income or expense category. For example, Gasoline and
Maintenance could be subcategories of Automobile expenses. )
.
- Click Enter.
Note
To learn more, see the Manage your accounts
video. To watch the Money videos, on the Help
menu, point to Instructional Videos, and then
click a title.
Notes
- To add a new category, type the new category name in the
Category box.
- To divide a transaction between two or more categories, click
Split when you are editing the transaction. For
example, if you purchase two items on one receipt, you can assign
the cost of one item to one category and the cost of the second
item to a different category.
- A category is required for all business transactions.
