You can rename a category at any time; Quicken updates the name on the associated transactions for you.
If you decide you no longer need a category, you can delete it. What about the transactions associated with the category you want to delete? Transfer their category assignment by either:
All transactions that use this category now show the original category as a subcategory of the category you selected. In the register, Quicken inserts a colon (:) between the two category names to indicate that the second category (the one you demoted) is now a subcategory of the first.
For example, if you demote a category called Internet Service to a subcategory of Computer, the register displays the category for any associated transactions as Computer:Internet Service.
If multiple categories are selected, Quicken prompts you to recategorize each one individually.
When you use CTRL+click or SHIFT+click to select a group of categories that you want to delete, you're prompted to recategorize any categories that have associated transactions.
Certain categories (for example, investment categories that begin with the underscore character) are permanently used by Quicken and so can't be deleted.
A category type (such as Personal Income or Personal Expenses) depends on its designation as income or expense as well as its tax line assignment. You have a limited ability to change category types. Refer to the information below to see what applies to your situation. To make a change, follow the above procedure for changing the properties and tax line item association of a category.
|Type||What it's based on|
|Personal (Income or Expense)||A tax line item assignment other than the ones specified in the Business and Rental sections, or no tax line item assignment|
|Investment||Predefined categories used by Quicken; you can't add new categories or move existing ones to this group|
|Business (Income or Expense)||Tax line assignments: Schedule C or Form 8829 (all assignments associated with these forms), Form 1099-MISC, and _MileageBus (this is a predefined category used by the Vehicle Mileage Tracker).|
|Rental Properties||Tax line assignments: Schedule E, and _MileagePer (this is a predefined category used by the Vehicle Mileage Tracker).|
|Transfers||Only accounts show up here (see About the Category List)|