I am attempting to implement classes to be used for funds in a charity in quickbooks desktop. I haven't been able to find any helpful information thus far (e.g. best practices).
Does anyone have any suggestions?
I'm glad to hear that QuickBooks is your software of choice for managing your charity. With QuickBooks Desktop, you can setup and use class tracking in a few simple steps. To do so, check this detailed community article: https://quickbooks.intuit.com/learn-support/en-ca/help-articles/set-up-and-use-class-tracking/01/365....
If you require any further assistance with class tracking, call our support line at 1-877-772-9158 for more troubleshooting. Pro and Premier support is available 24 hours and Enterprise support is available from 9 a.m. to 8 p.m. EST, Monday to Friday.
Let me know if you have any other questions.
I am comfortable with setting up classes and assigning them to new transactions. However, as this is an existing organization, I have historical transactions that are not assigned to a class (both profit and loss and balance sheet).
Oh, and I called the support line earlier this week and they told me it would be best if I built a new Quickbooks database...yikes!