I need to create divisions for my business. Basically, I have three lines (departments, divisions, whatever you want to call them) of income coming in and those three lines also have their own expenses. I have my PayPal account connected and just need a way to be able to assign each one of the transactions to one of the divisions.
I do not need to split a cost or deposit between any of the divisions, so I do not need to do a 'Journal Entry'.
I just need a way to be able to run a report showing what each division had in expenses and what each division had in deposits.
I do my invoicing through PayPal, not QuickBooks.
Hopefully, I have explained this clearly enough, it is simple. Hopefully, someone can explain to me how to do this.
When I called Quickbooks and explained this to the salesperson they said it was not a problem to do this with the Simple Start account. I don't have inventory and am really only using QuickBooks to keep track of basic expenses and basic deposits.
Hopefully, someone can help with this, it has been very frustrating trying to figure this out.
You can utilize the Class feature which only available on QBO Plus. You can open a new blank account to get the discounted rate. You will pay the regular date if you upgrade from your existing plan.
For your reference
You can also utilize this app to reconcile PayPal transactions into your QBO.
I will take a look a this and see what it can do, thank you.
The salesperson I spoke with before made it sound as if this was a simple thing to do, I just can't remember what he referred to it as.
Quickbooks could be a little more intuitive for new people.