What is a tagging level and How do they work?
Before we let you loose tagging your transactions there's just a couple of things to clear up. The reason this is important is below. Now imagine our tags are in a tree diagram. There are 3 categories: Level 1 (the highest), Level 2 and Level 3 (the lowest)
I’ve taken a snapshot to show you how this worksl. Appearance is a level 1 (a top level) category. If you want to categorise something as appearance just click on the tab and you’re done. But what if you want to be more specific. If you click on the arrow (see below) this takes you to Level 2 tags that branch from Appearance. Again you can select one of these tags by clicking on it, or if you want to be more specific click on the arrow again (see below). Now we’re at the level 3 tags. This is the most specific you can be and if you want to choose one just click.
Top Tip: Clicking the Name of a tag selects the tag and clicking the arrow on a tag takes you into lower level tags associated to it.
Why is this important to me?
Without going into too much detail about it, tagging is really important in budgeting. This is because if you put higher level tags in a budget then any tag that branches from it (Eg level 2 or 3 tags) will also be counted as part of that budget.
If you are intersted in learning more about this then please click here