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rhonda2
Level 1

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

 
7 Comments 7
HoneyLynn_G
QuickBooks Team

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

Good day, @rhonda2.

 

I'm glad you've posted here in the Community space. I can help you customize the Class Quickreport to add the debit and credit columns.

  1. Click the Gear icon.
  2. Choose All Lists.
  3. Click Classes.
  4. Select the class and click Run report.
  5. Click the report's Settings icon.
  6. Click Show more.
  7. Put a checkmark in the Debit and Credit boxes (see screenshot).
  8. Click anywhere on your screen to refresh the report.

Once the columns are added on the report, you can review the transactions to verify what causes the ending balance to be incorrect. Also, make sure to choose the correct report date range.

 

For more details about customizing reports, you can refer to this article: How to customize reports.

 

There you have it, rhonda2. Please keep me posted if you have any other concerns about the Class Quickreport. I'd be happy to help you more. 

atrbsg
Level 2

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

i am also very disappointed from this bug 

from 2019 i am trying without success to learn how to get the daily balance of a class

i use also QB desktop and there i have it

i think this is a reason enough to not recommend QBO to one that needs to use the classes functions 

see also

https://quickbooks.intuit.com/learn-support/en-us/account-management/re-when-i-run-a-class-quickrepo...

AmandaGCC
Level 1

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

Would there be a reason this would work on some reports and not others? For example, I have always used classes as a 'wallet' for funds that come through our church, for projects for temporary funds. As of last year, however, it is not showing me any debits from a liability account for a loan. I create a yearly document that has all our project classes, and I am able to see both debit and credit transactions from all of those reports. Except for this particular one...Is this a bug? Do I need to create a new account for this transaction?

RoseJillB
QuickBooks Team

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

Thank your for joining the thread, @AmandaGCC. I’ll share some insights regarding classes in QuickBooks Online (QBO).

 

Classes are for tracking purposes only and are not accounts that will show up in the Chart of Accounts that will affect the debit and credit transactions. Tracking classes helps you get a clearer picture when it’s time to run reports of each segment's financial health.

 

Regarding recording liability transactions, we have to set up a liability account to record the money we owe. I’ll show you how:

 

  1. From the left navigation pane, select the Accounting menu, and click the Chart of Accounts tab.
  2. Click the New button to add a new account in the Chart of Accounts.
  3. Under the Account Type, select Long Term Liabilities. You can also select the Other current Liabilities, if you’re planning to pay off the loan by the end of the fiscal year.
  4. From the Detail Type, select Notes Payable.
  5. Give the account a specific name to easily identify it.
  6. In the Balance field, you can enter the amount in the account and add the as of date to determine the balance.
  7. Then, hit Save and Close.

 

I also recommend consulting your accountant for guidance about creating the account in your Chart of Account. This way, you’ll be able to choose the right selection when setting up the account.

 

For further details, you can refer to this article about recording the money you got from the loan and the detailed process of recording a loan repayment: Record the money you got from the loan and the loan repayment in QuickBooks Online.

 

Moreover, you can utilize the following articles when categorizing, matching and reconciling your account in QuickBooks Online.

 

 

Feel free to drop a comment below if you have further questions in mind regarding the Chart of Account. I’m just one post away from assisting you. Have a great day!

atrbsg
Level 2

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

HI
this problem is not solved for so long!!
I use QB desktop too and I am attaching a copy of a class report [part is blackened for privacy reasons] This is how I wish it would be also in QBO.
it is one class out of many in QBO that includes many types of transactions that were done in many bank accounts and it is arranged in the order of the date with the actual balance of the class after every transaction so if the manager asks me how much money did this person have on a specific date i take one look and i can tell. or if he asks how much money does he have today i can tell. also if the person has given post dated checks it will show the later date with the balance.
Thank you so much
atrbsg
Level 2

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

you can see the QB desktop report i mentioned in my previous post at

https://drive.google.com/file/d/1nkxIK0zyW7d8GRtZ1GeGWxhHbq_3R6eI/view?usp=sharing

 

 

AbegailS_
QuickBooks Team

The Class Quickreport list does not show transactions as debit and credits so the ending balance is incorrect. Is there a way to fix this?

 

I understand how important it is to get the data for your business needs, @atrbsg

 

While these types of transactions is not yet in QuickBooks Online report , you can send feedback. Here's how:

 

  1. Select the Gear icon at the top, then Feedback.
  2. Enter your comments or product suggestions then select Next.
  3. You'll be provided a list of suggested Help articles related to your comment. You can read through them or select Skip and send message.
  4. From the drop-down, choose the appropriate category, then select Send message.
     

Your valuable feedback goes to our Product Development team to help improve your experience in QuickBooks. You can track feature requests through the QuickBooks Online Feature Requests website.

 

For now, you can browse this link to learn which reports are available for your plan: Reports included in your QuickBooks Online.

 

Please commend below  if there are other reports you need to customize. I'm always glad to help.

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