I'm happy to see you're looking to more effectively categorize your books. QuickBooks Online has a few features available to help you separate your income and expenses by department, allowing you to easily run and compare reports. Most notably, Classes, Location, and Projects can be used for this purpose. I'll be happy to go over the various benefits of these powerful features, and assist you in setting these up.
These advanced features are currently included in QuickBooks Online Plus. Here's a brief overview of each:
Based on your description, I think the Classes function suits your needs best. You can easily activate it in a few simple steps:
Depending on your selection under the Assign classes option, you're now all set to select classes on all your transactions! You can view and manage your class list from the following section:
Here's a handful of awesome articles to help you out:
Don't hesitate to ask me any other questions.
I wanted to have a different type of solution that is how to create a department called sales department , procurement department in quick book .Also need to know how to enter the same while entering a transaction for example , if i enter a transaction say electricity charges that has to be assigned for sales department how do i enter the transaction of electricity charges in sales department .
Kindly give me the solution as soon as possible .
The way quick book online has given the sample is not working for me as it fails in my way case.I want the transaction to be like this assign electricity charges to sales department . Thanks in advance