Using QuickBooks® Online Advanced to automate your accounting process can help you save time and generate more accurate financial statements. Assigning classes in Advanced can make your profit and loss reports far more useful, particularly in the food and beverage industry.
Industry trends are changing how food companies prepare and deliver food to customers, and these changes add complexity to the accounting process. Once you understand what classes are, you can use them to produce more detailed reports.
Implement these tips for using classes to supercharge your financial reporting. You’ll have better information to make more informed decisions, and that can lead to higher profits.
Let’s start by explaining how classes work in QuickBooks Online Advanced.