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I just bought a house. So I set up an asset account. Next I am remodeling the house, so I am setting up an asset account for capital expenditures. Now I want to track various construction expenses categories (e.g. Demolition, Framing, Drywall, Finishes, Painting). I do I do this?
Hello there, qtl.
I'd love to help you track various construction expenses categories in QuickBooks Desktop.
You can use the Class Tracking feature where it provides a better way of tracking expenses and categorizing shared expenses across multiple accounts. Let me walk you through the steps below:
Once done, you can now set up class categories for your expenses and accounts. To do this, please follow the steps below:
Here's an article that serves as your visual guide to know how class tracking works in QuickBooks Desktop: How to Use Class Tracking in QuickBooks.
That's it. Please let me know if you need anything else or questions about this. I'm always here to help.
Thank you for your kind reply. I'll Study your suggestion and report back.
how do we do this w/ the online version?
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