I’m here to share some information about Projects and Class Tracking, eward-eislerland.
We use projects in QuickBooks Online (QBO) to track your project’s profitability. Projects help track income, expenses, and profitability and organize all job-related information in the account in one place. You can create projects for multiple customers and add certain transactions such as estimates, invoices, expenses, bills, purchase orders, or time.
On the other hand, class and location tracking monitors income, expenses, and reports for different segments or locations of the business. I still recommend checking with your accountant which is the best option to consider. If in case your accountant would advise you to track your properties as divisions, we can utilize our Class or Location Tracking feature. Here's how you can turn them on:
- Click on the Gear icon.
- Go to Accounts and Settings.
- Click on Advanced.
- Under Categories, tick the Track Classes or Track Locations box.
For more information about these features, check out the following articles:
I'm just a reply away should you have any other questions about this. I'm always up to provide further assistance. Thanks for coming and have a good one!
