I think it's disabled under handhelds as the screen space needed on a handheld is rather limited. I think the option for that button is set to display: none; to prevent access.
I noticed that to.
I access the site (and other vanilla installations) on my PalmOne T5, and when I force it to use the handheld stylesheet (it tries to use the normal one), I loose that tab.
+1 from me, for ading the acounts tab, and loosing catagories.
BTW:, you could always modify the handheld css file (as I have now done), to swap this.
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