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Replying to:
JasroV
QuickBooks Team

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Thanks for sharing additional details, @MichelleMM1.

 

Yes, you’re correct. You can use classes to organize your Chart of Accounts (COA).

 

In QuickBooks Desktop (QBDT), you can track your account balances by departments, divisions, and locations. To achieve this, let’s turn on the class tracking feature. Let me guide you how: 

 

  1. Go to the Edit menu, 
  2. Select Preferences.
  3. Click Accounting
  4. Go to the Company Preferences tab.
  5. Select the Use class tracking for transactions checkbox and the Assign classes to checkbox1.JPG
  6. Then click OK.

You can also check this link for more details: Set up and use class tracking in QuickBooks Desktop.

 

To assign the classes :

 

  1. Go to the List menu, 
  2. Click Chart of Accounts.
  3. Locate the income or expense account.
  4. Right-click on your mouse and select Edit Account
  5. Choose the Class from the drop-down. 1.JPG
  6. Then click Save & Close.

To be guided in managing your classes, you can run reports by class. Feel free to check out this article for the complete guidelines: Filter, sort, or total reports by Class.

 

Let me know if you have other follow-up questions supervising your accounts, you’re always welcome to get back to me. Keep safe and more success in your business!

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