Let's work together to find the easiest way to get an overview of your Venue Rental income and expenses, @ALPOST6FINANCE.
First, let's differentiate between Tags, Classes, and Projects.
Tags are customizable labels that let you track transactions according to your preferences. You can tag invoices, expenses, and bills. They do not impact your books but enable your team to monitor crucial information.
Classes are used to represent departments or segments of your business. It's useful for reporting purposes, as it allows you to compare the performance of one division within the company to others.
Projects are features similar to job costing. Using projects enables you to incorporate transactions and time in generating reports to track the progress of your project.
Since you're using journal vouchers to move the transaction, you can utilize the class feature. This time, choose the assign classes to each row in a transaction to add classes per line in your journal entries for better tracking of the report.
Here's how:
- Go to the Gear icon and choose Account and settings.
- Click Advanced.
- In the Categories section, click the Pencil icon.
- Toggle Track classes. In the Assign classes dropdown, choose One to each row in transaction.
- Hit Save, then Done.
You can then run and customize the Statement of Activity report to get the data for your Venue Rental.
Additionally, you can also print, email, and export your reports in QuickBooks.
Let me know if you need further assistance tracking your income and expenses in the program. I'll be here to help you in any way I can.
