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Level 1

Class tracking for restricted funds

I am setting up a new QB online account for non-profit. I want to use class tracking for restricted funds. These funds have a previous balance. As I am using classes to keep track of these funds all in the same bank account. How do I enter the previous balance for the class?

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Moderator

Class tracking for restricted funds

Hello, calvarytruckee. I'd be glad to share some information about setting up a QB account for non-profit using classes in QuickBooks Online (QBO).

 

Fund Accounting is an accounting method used by non-profits in which funds are allocated to expenses before the money is spent. When using Fund Accounting in QuickBooks Online, you can use Class tracking and banking sub-accounts to track individual funds. To learn more details about this, please check out Fund Accounting for non-profits.

 

I'm also adding these links related to class tracking in QBO for an additional guide:
 

Please let me know if you have additional questions about the class tracking feature in QBO. I'm always here to help.

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