How to Set up Tags and Groups in QuickBooks?
Find
out how to utilize tags and groups to get deeper views into your sales and
expenses. The tags are customization which leads to you track all transactions.
They don't affect your books. Rather, they're a path for your group to follow
the data that issues most to you. Suppose you run an event organization. You
might need to perceive the amount you earned and went through on occasions this
year. Make a gathering called "event." Then make tags for the
explicit events and add them to your event gathering. Read this blog to resolve
the mystery of "How
to Set up Tags and Groups in QuickBooks"
Before proceeding to the solution must aware of this
information:
In QuickBooks
software, you can easily tag expenses, bills, and invoices whereas
Group tags leads together and run a report to view the specific areas of business
that what the progress or what they doing
To set up the tags
and groups, perform the below steps:
Step 1: In the beginning
step, you have to create tag groups with the following steps. Start the process
by creating groups and then put tags into
● The
first thing to do is to open the "Transaction Menu" and then choose
the "Tags tab"
● From
the drop-down menu, choose the "New" option
● Hit
the next click on the "Tags Tab" and provide a specific name to the
group
● Then,
you have to select the color from the drop-down options
●
Wait until the process is not completed and
after that click on the Save option
Step 2: To create new tags and transactions
While
working on a form, you have to create tags like expenses or invoices
● The
first thing you have to do to choose the “Tags Field”
● Now,
fill the name of the tag that you want to create
● Hit
the click on the “Select + Add”
● Proceed
further to choose your group to add the tag
● In
that way, you create the tag and tags the form.
●
In addition, to add a more existing tag to
forms, you just simply need to fill the name in the tag filed and then click on it
You
have the option to add as many tags as you want to like, but for tag group,
there is a condition that you can select only one tag per tag group
Step 3: The third step is
to get insights from the tags. Make sure about the Run Reports for tag groups
to view the performance of tagged transactions
● To begin with, this step, hit the first click on
the “Banking Menu” or “Transaction Menu” and then choose the “Tags tab”
● Now
locate a group on the list
●
Then, choose the option “Action” and hit Run
Report
Since
bunches have both cash-in
and cash-out transactions, you'll perceive how everything in the group
influences your bottom line
Step 4: This step is
optional to edit tags and tags groups
● Open
your settings first and then choose “Tags”
● Then,
locate the tag and tag group that you want to edit
●
After that, choose the “Action” option and
then click on “Edit” from the drop-down preferences
Conclusion:
I
hope the given information was helpful to you to resolve this query How to Set up Tags and Groups in
QuickBooks. In that way, you can view deeper to your business to know where
you have to more concerned to be more productive and where you need to improved
functionalities. Lastly, I am thankful
to you to spend your valuable time reading my blog. Incase you are still unable to fix the error
then, call our QuickBooks support team at +1-844-313-4856 or chat
with our QuickBooks online support team at any hour of the day.
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