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Thanks for taking the time to post here in the Community, @Ana B.
Allow me to share some information about the transactions under the Unspecified column on your Balance Sheet by Class report.
The Balance Sheet transaction is separated into the header and the detail. It pulls data from the header portions of the transactions, in which asset, liability, and equity accounts are selected. This means it can’t be customized by class.
Bill payment, receive payment, and payroll transactions can’t be split by classes or locations. Since you have payments that involve multiple locations, the transactions will reflect on the Unspecified column.
To help fix this, you'll need to split into transactions that only involve one class. The second solution is you'll need to enter all related transactions as journal entries and specify a class on each line. In line with this, you'll need the assistance of your accountant. This way, he/she can determine the correct journal entries for these payments.
To learn more about running this report, here are great articles you can refer to:
- How Does Running A Balance Sheet By Class or By Location Work?
- Basic Troubleshooting For Balance Sheets
Since you're using classes for your fund accounting, they get attached to the detail portion of transactions. They don't get associated with the header accounts. The best report you'll need to run is the Profit and Loss report by Class. This way, you can review your fund income and expenses.
- Go to Reports from the left menu.
- On the Business overview section, select Profit and Loss by Class.
- Choose All Dates from the Report period drop-down list to review the total income or expense for the entire life of the fund.
- Click Run Report.
For more information about fund accounting, you can check out this helpful article: Fund Accounting For Non-profits.
The steps and resources above will help achieve your goal, @Ana B.
If you need anything else, please drop me a line below. I'm always here to help.
