Suppose a couple years later I want to throw another party of a similar nature. Now when I run a category report I see these expenses summed up in the Parties category just as I expect. Let’s go a bit further and say that I threw a backyard BBQ called “Project Velociraptor” in 2011 (which I did) and I placed all the expenses incurred for that party into the Parties category. Let’s say I have a category called Parties. Why would you use this? Well, let’s examine a few scenarios. What are Tags? Well, the short answer is they provide an alternative way to group transactions beyond the standard categories Moneydance provides. After making the switch to Moneydance at the beginning of 2010 I discovered a useful feature of the software called “Transaction Tags” (or “Tags” for short).
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