How to Set Up Class Tracking in QuickBooks? Accountantsquad.com
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Class tracking in QuickBooks is an inbuilt feature in QuickBooks that helps you to track the expenses and classify shared expenses beyond multiple accounts. By using QuickBooks Online class tracking, you can establish the classes for certain transactions that can be important for the group. This helps in tracking account balances by the location, department, business office or any other breakdown of your business.
What is the use of class tracking in QuickBooks
You can use QuickBooks class tracking to track your income and expenses through location, department, property or project. By class tracking, you will be able to keep a profit and loss reports as well as filter reports.
Points to remember while using Classes in QuickBooks are as follows:
Following are the steps to turn on class tracking in QuickBooks:
5. Your classes should not be identical with the charts of Accounts.
How to put classes to work
Follow the steps written below to apply the classes to your transactions.
We expect that the above blog helped you regarding QuickBooks Class Tracking. If you are facing any issues regarding the same and want any assistance, then immediately talk to our QuickBooks Experts at Accountant Squad Number on 1-888-502-0363. Our Technicians will give you the solutions of all your queries.
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