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In QuickBooks Online you can track transactions using more than 1 class categories. For example, you can assign an item to one or more classes when creating a transaction. Let me walk you through the steps:
To know more about the class tracking feature in QBO, you may visit this article: Class tracking in QuickBooks Online.
Then, you can run several class reports to track transactions by class. For the detailed steps here is an awesome link that you can open: Run reports by class.
Feel free to leave a reply if you have more questions about class tracking in QBO. I'll be here to answer them for you. Stay safe.