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You can think of a classification as a view of your categories for just one aspect of your life. You categorize all your transactions as you enter them in Money. You use classifications to capture a subset to see your inflows and outflows for just one project or hobby.
For example, you can see the income and expenses related only to your rental house, your art hobby, or your home remodeling project.
You can create up to two classifications. Each classification can contain both classes (Part of a classification. For example, if you own rental property, you might set up a Property classification with ôHouse at 1000 High St.ö and ôApartment on Burton Rd.ö as a class.) and subclasses (A subset of a class in a classification. For example, if you own rental property, you might set up a Property classification with: ôCondo at 1000 High St.ö as an class, and Apartments A, B, and C as subclasses; ôApartments on Burton Rd.ö as another class, and Apartments 1, 2, 3, and 4 as subclasses.).
For example, after you set up a classification for your family, you can create a class for each family member. Then you will be able to generate reports that tell you exactly how much you spent on each.
When you create a classification, additional fields are added below the Category and Subcategory fields in the Account Register.
If you decide to stop using classifications after youÆve already entered them, you will have to delete the ones youÆve entered.
How do I create a classification?