QuickBooks Support

24/7 Quickbooks Tech Support for Set-Up Class Tracking in QuickBooks @ 1-800-272-4169: Troubleshoot & fix your QuickBooks issues by certified technicians.

How to Set-Up Class Tracking in QuickBooks

QuickBooks Error

Set-Up-Class-Tracking-in-QuickBooks (1)

If you want to track a particular account or transaction type, then you have the option to set up class tracking in QuickBooks. This feature provides better tracking than the basic account tracking. Also, if a particular expense type isn’t associated with any particular account, then too you can track it via class tracking.

Why is Class Tracking an Important Feature?

This feature is highly acclaimed as it enables users to simply categorize your expenses into different classes instead of accounts. Managing and reconciling accounts can be difficult for average users of this accounting software. Hence, class tracking is a better and more efficient way to easily manage expenses.

In particular, organizations also have the option to keep track of department expenses. If you have separate properties and many different office locations, then you should consider setting up class tracking in QuickBooks.

What are Classes?

Classes are very specific expense units that users can keep track of. For instance, as a restaurant chain owner, you would want to create a class for each outlet. The expenses can be separately classified and organized. This will also help you in creating more detailed and specific reports.

To create classes in QuickBooks, follow the steps provided below:

  1. Open QuickBooks.
  2. From the Edit Menu, select Preferences.
  3. Click on the Accounting Tab.
  4. Now, select Company Preference Tab.
  5. Once you have done this, click on Use Class Tracking.
  6. Click on OK.

Classes have now been enabled in QuickBooks and can be used for tracking various subcategories of expenses. Next, follow the steps provided below to set up particular categories for tracking:

  1. From the top menu, click on Lists.
  2. Select Class List.
  3. Select New.
  4. Enter a name for the class and select the type of transactions you want to track through it.
  5. Enter any subclasses if you’d like to.
  6. Fill in all the necessary fields.

We recommend that you only use classes for tracking expenses and bills. Any cost related to your enterprise can be tracked easily via classes. You also have the option to create sub-classes for getting more specific about the categories.

QuickBooks Accounting Software

Apart from expenses, QuickBooks also enables users to manage revenue and profits. There are various features available for managing revenue, some of which have been mentioned below:

Invoices

Invoices can be created for each purchase and stored in QuickBooks. An invoice is a customizable form that contains all the necessary details related to a particular transaction. The amount of transaction is automatically noted in the Journal.

Reporting

Through reporting, you can identify all the unnecessary expenses that are eating away into your profits. This will help you in maximizing your profits. Further, the data will provide necessary insights.

RepairContact QuickBooks Tech Support Team

Our QuickBooks technical assistance team can help you in easily setting up classes. Everything will be configured properly along with classes and subclasses. Further, if you have problems following the instructions, then we also provide QuickBooks remote support.

To know more, feel free to contact QuickBooks helpdesk at ✆+1-800-272-4169(Toll Free)

Related Searches

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Diagnose-Lost-Data-on-QuickBooks-2018 (1)
QuickBooks Error
1
Diagnose Lost Data on QuickBooks 2018

Data files can be damaged when the system turns off unexpectedly or QuickBooks crashes. The damage is often dealt to a particular portion of the company file. Users have various options to choose from, the most popular of them are as follow: QuickBooks File Doctor QuickBooks technical assistance To diagnose …

What-to-Do-When-QuickBooks-Starts,-Fails-and-Shut-Down-Automatically
QuickBooks Error
What to Do When QuickBooks Starts, Fails and Shut Down Automatically

QuickBooks starts, fails and shuts down automatically is a system file error. The damaged data or configuration files may be causing this issue. Apart from this, the installed files for QuickBooksmay themselves be damaged. Lastly, malicious software can cause such issues in cases where they damage or encrypt the files …

Add-a-New-Printer-in-QuickBooks
QuickBooks Error
Learn How to Add a New Printer in QuickBooks

You can easily add multiple new printers in QuickBooks. If you are using one of the latest printers, then simply plugging in the printer would install the required software. Apart from this, almost all the brands provide device drivers for the printer. You can install these drivers to work with …

Disclaimer - We Provide Reliable Technical Support as 3rd party & Also do not have any Direct Connection with the products, Brand Names & Images Featuring on our website.

Call Now: +1-800-272-4169