Implementing classes to an existing organization in QBO

Mrjan · ‎November 17, 2018

I want to implement "class" functionality for a nonprofit. This will change their chart of accounts significantly as they no long need to do everything with GL accounts. For example: They have a set of accounts for each of 5 programs now. This will all be handled with a sub class for each program rolling up to the class "Programs".

If I were using desktop, I would just save the current file up to end of year and create a new company file (transferring customers, vendors, etc) then input the ending balances and start fresh with the new GL. If I needed history, I would just load the old file.

They can only have one file in QBO so this option is not open to me. Any suggestions? Thanks

Malcolm Ziman · ‎November 17, 2018

I don't see a need to start a new file. You can disable unused accounts, so they won't show in the COA, but will still show if you run historical reports

View solution in original post

Malcolm Ziman · ‎November 17, 2018

I don't see a need to start a new file. You can disable unused accounts, so they won't show in the COA, but will still show if you run historical reports

View solution in original post

Mrjan · ‎November 17, 2018

I agree. I think that may be the best solution too.

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Implementing classes to an existing organization in QBO