NEWQBO.COM

How to handle Class Tracking in new QuickBooks Online?

This feature is only available in QuickBooks Online PLUS level subscription.

To Enable Track classes on

Company Categories
Company Categories

From Home page screen

  • Go to the Company Gear (right upper-corner)
  • Select Company Settings under Settings
  • Select Company
  • Select Categories
  • Select “Track Classes” On

To create new “Class”, you can go to “All Lists” (from Company Gear > select All Lists under Lists)

Create Class
Create Class
  • Select “Classes”
  • Select “New” button and proceed
  • You can even create Sub-Class if needed.
Create Class Form
Create Class Form

Now, when you want to enter Vendor Expenses or create Customer Invoices, you will notice separate column for Class.

Expense Form Class
Expense Form Class

Invoice Form Class
Invoice Form Class

You can also run Profit and Loss by Class which is a standard report in new QuickBooks Online. You can also customize this report as needed. There are few other reports you can run related to class tracking. For other standard reports, click here.

Posted

in

by

admin

Tags:

,