, all quick Books Desktop (QBDT) version has a class tracking feature including Quick. Books Desktop Pro. However, if you’re trying to run a Balance Sheet by Class report, this is unavailable in Quick, and books pro. Instead, you can pull up the Balance Sheet Detail report.
Track Classes in new Quick, and books online. Class tracking feature (or location tracking) is only available in Quick. Books Online Plus version. It is not available in Essentials and Simple Start versions. Turn ON Class Tracking feature in new Quick, and books online. From the home page screen:.
You can start to track Classes and Location if you have the Quick. Books Online Plus version. These features are not available in Simple Start and Essentials. Location Tracking and Class Tracking lets you track your income and expenses. You can use either one of them individually or both of them together.
This begs the inquiry “What are the benefits of class tracking in QuickBooks?”
This is what my research found. Greater control over expense categorization is the primary benefit of class tracking, which makes sorting expenses easier., in quick Books, you can create classes that you assign to transactions.
What is the difference between class tracking and location tracking?
1 Class tracking specifies a different class for each detail line of a transaction 2 Location tracking allows you to assign a location to an entire transaction 3 Job Costing: Quick. Books Online does not have a specific feature for this but we show you a work around using the Budgeting feature with Classes or Locations.
What are classes in QuickBooks and how do I use them?
, in quick Books, you can create classes that you assign to transactions. This lets you track account balances by department, business office or location, separate properties you own, or any other meaningful breakdown of your business.
How many classes can I have in QuickBooks Online Plus?
, quick Books Online Plus allows up to five levels under the one class and an unlimited amount of classes in each. You can make a location or class inactive (delete) at any time if you no longer require the class.
Click New on the top right > Add the Name > Click the Is sub-class or Is sub-location check box and select the class/location from the drop down menu. You can only nest sub classes up to five levels deep., quick Books Online Plus allows up to five levels under the one class and an unlimited amount of classes in each.
What are the features of QuickBooks Online Plus?
, quick Books Online Plus includes all features of Quick. Books Essentials plus: Create custom classes : Classes can be created to track profit and loss by anything you wish. A popular use of custom classes is to track profit and loss by product type.
Is QuickBooks Online Plus a good fit for my business?
, quick Books Online Plus is not a good fit for businesses with more than 250 active accounts, more than 40 classes and locations, and the need to manage more than five users. If these needs apply to your business, consider subscribing to Advanced.