How to Set up Tags and Groups in QuickBooks?

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 customizable 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.