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MichelleMM1
Level 3

How do I re-class in QuickBooks desktop 2020 without accountant tools?

Hello there,

We have some accounts that will need to re-classed on a period basis according to a certain allocation to each class.  For example, tools and small equipment will be purchased and used by most of our classes/divisions.  Instead of guessing on a weekly/monthly basis who will be using what for the time period, we would like to re-class at one time based upon our external tracking of usage for the time period.  Also, we do not want to have a set percentage of allocation for our classes, we want to me more accurate and track usage.  Also, it would be cumbersome to enter one bill and have 5 line items just to class it appropriately.

 

From what I have read so far in the community, you must have the accountant tools to re-classify in batches?  Can this be achieved through journal entries in the desktop version without accountant tools?  Sidebar, are the accountant tools and add-on that can be purchased or is it an actual version of QB?

 

I appreciate any help.  Thanks, Michelle

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