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I'm happy to provide some info about converting Classes to Projects in QuickBooks Online.
While there are many ways to use and customize Classes and Projects, there isn't a way to convert one to the other. Classes are used to differentiate data between segments of your company such as departments or product lines. Alternatively, the Project function is used to keep track of data per job like income, expenses, labor costs, etc.
For more options to convert transactions, I recommend submitting feedback to the Product Development Team. This can be done directly through your QBO account by clicking the Gear icon in the top right corner, then select Feedback.
In the meantime, the following articles provide even more info about Classes and Projects:
Please don't hesitate to drop a comment below if you have any other questions. I'll be here to lend a hand.