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pauletteks
New Member
August 30, 2026
Question

Reporting by Auction

  • August 30, 2026
  • 1 reply
  • 55 views

We buy items at auctions and resell them. The things we buy are always different. How can I track sales and expenses by auction? I have heard of tags. Not sure that would work but I can’t find it in my version of QBO. For instance we might go to Phoenix and purchase several pallets of various things. There would be the expense of the purchase, the travel, freight, etc. Then we would track the sales and the expenses that go with the sale such as ebay fees, shipping, etc. Anyone have any ideas? Thanks!

1 reply

Irene RQuickBooks Team
QuickBooks Team
August 30, 2026

Tags have been retired and are only visible to existing customers who have used them. You can use Class tracking to log your auction trip sales, expenses, and profits. Just make sure that you have turned this feature on. Here's how:

 

  1. Go to the Gear Icon, then select Account and settings.
  2. In the Advanced section, go to Categories and click Edit.
  3. Toggle the button to turn on Track classes.
  4. Select how you want to apply the class from the Assigned classes ▼ dropdown.
  5. Once done, click Save.

 

You can then start creating and managing classes for your auctions. Keep in mind this is a Plus and Advanced feature. You might consider upgrading if needed.

 

Let me know if you need further help with tracking your auctions.

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