How do you have different subcategories that are income & expense related?

ocman

I have a Category called Tournaments.

I want to have a subcategory called entry fees (expense) and another subcategory called winnings (income).

UKR

Since one shouldn't mix Income Subcategories with Expense Subcategories under the same Parent category I suggest:

• Tournament Proceeds parent category, type Income
• . Tournament Winnings subcategory of Tournament Proceeds
• Tournament Expenses parent category, type Expense
• . Tournament Entry Fees subcategory of Tournament Expenses
• . (possible additional expense subcategories for travel, food, lodging, etc.)

ocman

Ok great, thanks for the quick reply!

ocman

Just thought of something else. How would I incorporate say golf gear, golf green fees if it's not part of the tournament, so I could track all the golf related income/expenses?

Tom Young

You could either use new subCategories to the Tournament Expenses Category, or create a new expense Category called Golf Expenses, with or without subCategories depending on how fine you want to capture the detail. If you want to see all of this golf-related information in one place, then a customized (and saved) Spending Report that only contains those galf-related Categories would be perfect.

UKR

https://community.quicken.com/discussion/comment/20352587#Comment_20352587

How about this instead:

• Golf Proceeds parent category, type Income
• . Tournament Winnings subcategory of Golf Proceeds
• . (possible additonal income subcategories, taxable or non-taxable)
  
• Golf Expenses parent category, type Expense
• . Golf Tournament Entry Fees subcategory of Golf Expenses
• . Golf Equipment subcategory of Golf Expenses
• . Golf Green Fees subcategory of Golf Expenses
• . (possible additional expense subcategories for travel, food, lodging, etc.)