Yes, it will work, @tkatelman.

It will be easier to keep track of your income and expenses by class, department, or location. You can generate reports to compare the balances on each segment of your business. Running the Profit and Loss by Class would be a great example.

Here's how:

1. Go to the Reports menu.
2. Select Company & Financials.
3. Choose Profit and Loss by Class.
4. Modify the reporting period. 

Here's an example of a Profit and Loss by Class report:

As references, check out these articles:

• Tracking job costs
• Set up and use class tracking

Additionally, read through these guides on how to customize your reports by class or customer/job:

• Filter, sort or total reports by Class
• Customize customer, job, and sales reports

You can also memorize them so you don't have to go through the customization process again. 

Visit us again if you need further assistance in tracking the profitability for each part of your business. We're always here to help. Have a great day.