Marking a transaction for taxes
When a transaction belongs in your tax records, open it and turn on Tax tracking. Pick a tax group such as Software, Health, Office, Travel, Meals, Education, Mileage, or anything custom you define.
Tax tracking lives on each individual transaction, so a single envelope can mix tax-related and non-tax-related purchases without you having to split categories.
What the yearly tax report does
The Tax Reporting page rolls every marked transaction up by year and tax group. If you marked five software purchases across the year, the report shows one Software row with the total.
Transfers are ignored because moving money between accounts isn't a purchase. Scheduled transactions wait until they actually post before they count.
Fiscal year + Estimated taxable income
The Reports page lets you pick the month your fiscal year starts (January for most people, July for school districts, etc.) so quarters and yearly summaries line up with how you actually file.
Estimated taxable incomesits alongside the breakdown. It's a record-keeping helper, not a final tax calculation. ReadyCents is organizing your records so tax time is easier, not replacing your accountant.