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May 22, 2022
Question

Splitting Transaction

  • May 22, 2022
  • 1 reply
  • 0 views

Hi I'm looking to split transactions for job costing and such. 

I am using tags to actually do the job costing, which may be a mistake? I see that you can split right now, but you can't put more than 1 tag- which is what I'm using to generate job cost reports. 

 

But for payroll for example- I need to split up each employee's hours between the projects they're logging hours on. Another example would be breaking down a bulk insurance payment that comprises multiple properties, break that down into the corresponding amounts per property. 

 

Thanks! 

1 reply

MarsStephanieL
Level 6
May 22, 2022

Hello there, @Flip904.

 

You can utilize the Class feature to track the hours by business segment. This will help you classify easily your job costing tasks. I'll show you how to turn on class tracking and apply it to your transactions in QuickBooks Online (QBO).

 

Here's how:

 

  1. Go to the Settings and select Account and Settings.
  2. Click the Advanced tab, and edit the Categories section.
  3. Check the box for Track classes.
  4. You can also check the Warn me when a transaction isn't assigned a class if you think it would help you classify the transactions easily.
  5. in the Assign class section, choose which applies to you whether you want to track One to entire transaction or One to each row in transaction.
  6. Click Save and Done.

 

Once done, set up your class list in the Settings, then All Lists. From there, you'll see Classes. You can create a new class or sub-class. After that, you can turn on class tracking for Payroll. To learn more details about the process, you can check out this article: Get started with class tracking in QuickBooks Online.
 

Moreover, I've added a reference to help you narrow down the details you prefer when running a report: Customize reports in QuickBooks Online. It contains steps on keeping track of each cost or profitability by segment.

 

I'll be here if you need further assistance when tracking job costing or any questions. Send a reply to let me know. Take care and enjoy your weekend!

Flip904Author
May 22, 2022

Do I have to have a higher account for the classes feature? I dont see the "categories" section after following the directions below.