Overview
Assigning Categories gives you a better understanding of where your money goes. When you download transactions from your bank, Quicken Simplifi will automatically assign a Category based on a combination of crowdsourcing, nearby payees, and simple logic. However, you can categorize your transactions using your own custom Categories, or you can choose from the default Categories built right into Quicken Simplifi!
To add more detail to your transaction, 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 your default Category list, as well as any categories or subcategories you've created:
Hover over the panel on the left-hand side and select Settings
Select Categories & tags
Creating Categories and Subcategories
There isn't a limit to the number of categories or subcategories that can be created. However, there is a limit to the category levels, as Quicken Simplifi only supports two levels: the main category and a subcategory.
Hover over the panel on the left-hand side and select Settings.
Select Categories & tags.
Click the blue + Category button.
Enter the name of your new category
If this is a subcategory of an existing category, click the Subcategory Of field and select the primary Category.
Select either Expense or Income, whichever applies.
Click Add when done.
You can also create categories and subcategories from a transaction:
Create a new transaction or locate a transaction that needs to be recategorized.
Select the Category field and then type the name of the category or subcategory you'd like to create.
Hover over Create and then select Main Category or Subcategory of, whichever applies.
If you are creating a subcategory, you will next need to select the Main Category from the list of existing categories.
Note: You cannot have both an Income and an expense subcategory for a main category; all subcategories will take the main category's transaction type by default.
Editing Categories and Subcategories
Although Quicken Simplifi allows you to edit most of the built-in categories, there are some that won't allow adjustments: Transfer, Credit Card Payment, Balance Adjustment, and Investment.
Hover over the panel on the left-hand side and select Settings.
Select Categories & tags.
Locate the Category or Subcategory you'd like to edit, hover over it, then click the three dots at the end of it.
Click Edit.
Make the necessary adjustments and click Update when done.
Deleting Categories and Subcategories
Although Quicken Simplifi allows you to delete most of the built-in categories, there are some that are unavailable for deletion: Transfer, Credit Card Payment, Balance Adjustment, and Investment.
Hover over the panel on the left-hand side and select Settings.
Select Categories & tags.
Locate the Category or Subcategory you'd like to delete, hover over it, then click the three dots at the end of it.
Click Delete, then click Delete again to confirm.
Note: If the category or subcategory is being used on a transaction, Quicken Simplifi will ask you to select a new category or subcategory for the affected transactions; once selected, click Reassign & Delete.
To learn more about managing your categories and subcategories on the Quicken Simplifi Mobile App, please click here!