Setting up Categories

FortMacon

New to Quicken. Using pgm for Non Profit, not for personal finances. Trying to set up my categories, but each one I set up is placed under Personal, even though I highlighted Business, and I can't find how to change it. For my purposes, I have hidden all personal categories.

volvogirl

Don't know if Quicken will work for that or you might need a real accounting program like QuickBooks.  But To be included in business reports (and I don't know where else) you have to assign the category to a schedule C tax line item number.  To check the tax line assignment open the Category list by either clicking on the Category Icon or go to Tools-Category List or Ctrl+Shift+C.  Then select the category and right click on it to Edit it.  Click on the Tax Reporting Tab and check the box for Tax related and pick a Schedule C: tax line item.

FortMacon

Thank you. I will give that a try. I have been using Excel for the accounting for this non-profit, but find I need something more, but not as much as something like QuickBooks. So I will try to make it work within Quicken for now at least.

chitownhockey

If you want a category to show up as a business category, you will have to check the category as taxable PLUS assign it a tax line item that is a Schedule C item from the list.

That is the only way to get categories to be classified as business categories.

NotACPA

Q can't handle the business functions that you'll need.  Go with Quickbooks.