How to Create a New Category in QuickBooks Online

💼Creating categories in QuickBooks Online helps you organize and track your expenses more efficiently.

📋Categories in QuickBooks Online are saved under expenses and can be customized according to your business needs.

👨‍💼Office supplies is an example of a category that can be created in QuickBooks Online.

📝You can add a description to your category in QuickBooks Online for better clarity and reference.

🔍After creating a category, you can easily search for it within QuickBooks Online using the chart of accounts.

Why should I create categories in QuickBooks Online?

—Creating categories helps you better organize and track your expenses, making it easier to analyze your financials and prepare reports.

Can I customize the categories in QuickBooks Online?

—Yes, you can customize the categories in QuickBooks Online to suit your business needs and naming conventions.

Is it mandatory to add a description to a category in QuickBooks Online?

—Adding a description to a category is optional, but it can be helpful for better clarity and reference.

How can I search for a category in QuickBooks Online?

—You can easily search for a category within QuickBooks Online by using the chart of accounts.

Can I assign categories to specific transactions in QuickBooks Online?

—Yes, you can assign categories to specific transactions in QuickBooks Online to accurately track your expenses.

00:00To create a new category in QuickBooks Online, go to the left-hand side and hover your cursor over the 'Accounting' tab.

00:19Select the 'Chart of Accounts' option from the dropdown menu.

00:35Click on the 'New' button on the upper right-hand side of the screen.

00:38Choose an appropriate account type for your category, such as 'Expenses'.

00:44Enter the account name, e.g., 'Office Supplies', and add an optional description for better reference.

01:09Save the new category, and you can now search for it within the chart of accounts.

01:27To assign a category to a transaction, go to the relevant register and select the category under the 'Category' section.

01:30Save the transaction, and the category will be applied.