QuickBooks classes can be used to provide additional classification of your accounting transactions. Class tracking is often used by businesses that have multiple locations, departments, types of sales income, and other categories that should be tracked for reporting and tax purposes. Classes are not limited to just income and expenses, however, and can also be used to classify jobs, customers, and vendors. Any transaction that is entered into QuickBooks can be assigned a class. This feature is turned off by default, as many businesses may not need to use classes. To turn on the class tracking feature in QuickBooks, follow these five steps.This feature works the same in versions 2011–2016 of QuickBooks.
QuickBooks preferences can be changed to require classes while entering transactions. This ensures that once the class feature is turned on, you get in the habit of coding and classifying your transactions consistently. This preference is in the Accounting category of the Preferences window.
Lee is a writer, editor, and technology evangelist. Lee received her undergraduate degree in Communications from Ithaca College.