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kenzierae
Level 2

Class Breakdown

Good morning,

 

This morning I went in and added the class breakdowns to payroll for the first time. I noticed that, when creating an estimate, I now have an option to add a class to the estimates. What does this do and what are some ways that companies use this feature?

 

Additionally, what are some other ways you can use the class feature throughout quickbooks?

 

Thanks in advance!

Solved
Best answer February 08, 2022

Best Answers
CharleneMae_F
QuickBooks Team

Class Breakdown

Class tracking is a great feature offered by QuickBooks, kenzierae. I'm here to share some insights.

 

The Class tracking feature lets you manage account balances by department, business office or location, separate properties, or any other meaningful breakdown of your business. This lets you track segments you want to keep a close eye on.

 

For instance, if you run a hotel in three (3) different locations, you can create Uptown, Midtown, and Downtown class to track account balances by location. If you're a farmer, you can set up a class for each enterprise: corn, hogs, and soybeans.

 

This feature can also be used in most transactions, such as estimates. This helps you easily categorize your entries. 

 

For more details about this feature, I'd suggest checking out these articles:

 

 

Once you set up classes for your transactions, it is easier to generate reports to compare the balances across multiple classes, departments, or locations. To learn how, please see this article: Filter, Sort or Total Reports by Class.

 

Please come back if you need assistance in setting up or managing classes in QuickBooks, kenzierae. I'm always here to help you out.

View solution in original post

1 Comment 1
CharleneMae_F
QuickBooks Team

Class Breakdown

Class tracking is a great feature offered by QuickBooks, kenzierae. I'm here to share some insights.

 

The Class tracking feature lets you manage account balances by department, business office or location, separate properties, or any other meaningful breakdown of your business. This lets you track segments you want to keep a close eye on.

 

For instance, if you run a hotel in three (3) different locations, you can create Uptown, Midtown, and Downtown class to track account balances by location. If you're a farmer, you can set up a class for each enterprise: corn, hogs, and soybeans.

 

This feature can also be used in most transactions, such as estimates. This helps you easily categorize your entries. 

 

For more details about this feature, I'd suggest checking out these articles:

 

 

Once you set up classes for your transactions, it is easier to generate reports to compare the balances across multiple classes, departments, or locations. To learn how, please see this article: Filter, Sort or Total Reports by Class.

 

Please come back if you need assistance in setting up or managing classes in QuickBooks, kenzierae. I'm always here to help you out.

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