How to Create Quicken 2010 Tags - dummies

How to Create Quicken 2010 Tags

By Stephen L. Nelson

Quicken 2010 lets you summarize your financial records by providing a tool, called tags, which lets you summarize transactions in addition to the way you summarize transactions with categories. (In previous versions of Quicken, tags were known by another name: classes.)

Tags can be very useful if you’re using Quicken in a business or if you’re investing in rental real estate.

1Choose Tools→Tag List.

The Tag List window appears.

2Click the New button in the Tag List window.

Quicken displays the New Tag dialog box.

3Enter a name for the tag in the Name text box.

Use as short of a name as possible to clearly identify the tag. You use this tag name every time you want to tag a transaction. (If you’re using tags to identify real estate rental properties — which is probably their most common use — you might want to use the street name as the tag: Winston as the tag for the duplex on Winston Street, Roosevelt as the tag for the cottage on Roosevelt Avenue, and so on.)

4Enter a description for the tag in the Description text box.

Quicken uses the tag description on reports that show the tag. If you don’t add a description, Quicken just uses the tag name. You don’t need a description, obviously, if your tag name is, well, adequately descriptive.

5Just ignore the Copy Number box.

If you’re just dying to know what this box does, click the Tell Me More link.

6Click OK.

Quicken adds the new tag in the Tag List window and then redisplays the window.