Transaction

How to deal with transactions that can belong to multiple categories?

How to deal with transactions that can belong to multiple categories?
  1. Can I change the category for multiple transactions in Quicken?
  2. Why is it a good idea to categorize your transactions?
  3. What are transaction categories?

Can I change the category for multiple transactions in Quicken?

Quicken gives you the flexibility to edit multiple transactions at a time. You can edit the payee, the category/subcategory, the tags, and the memo. This is called bulk editing.

Why is it a good idea to categorize your transactions?

Transaction categorization makes bank reconciliation much easier. With this in place, each processed transaction is placed under a pre-defined category. This helps you easily identify and match the transactions in your bank statement with your account records during reconciliation.

What are transaction categories?

Transaction categorisation is a process of identifying the context or purpose of a bank account transaction, based on its description, transaction amount, date, and contextual metadata.

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