Class tracking is a holistic feature of QuickBooks as this feature aids in tracking of the balances made by departments, business offices, and business establishments. As a result, it aids in the dissolution of the company. This holistic feature can use be used to track segments that you wish to pay attention to. You can designate classes for the transactions in QuickBooks.
In QuickBooks Desktop, the Company Preferences can be used to set up class tracking. Dive in and learn the various ways to set up and use class tracking in QuickBooks Desktop.
Procedure to Set Up Class Tracking in QuickBooks
Through the Company Preferences button in QuickBooks, you can configure class tracking. In the QuickBooks software, pick the Edit option and then the Preferences tab. To view the choices for class tracking, go to Accounting. Then navigate to Company Preferences and opt for Use Class Tracking. Choose Ok.
Follow the instructions below to set up class tracking in QuickBooks Desktop.
- To begin with, you need to launch QuickBooks Desktop.
- After that, tap on Edit tab within QuickBooks.
- Subsequently, pick the Preferences from the Edit tab.
- Now, you are supposed to opt for Accounting to gain access to the class tracking options.
- After that, opt for Use Class Tracking under the Company Preferences option.
- Hit on Ok.
- Click on the Lists option.
- To set up the class categories for costs and accounts, you need to choose Class List.
- Next, you need to advance to Class.
- To create a new class, hit on New.
- Type the class name subsequently.
- You now need to check mark the Sub-class checkbox.
- Also, relate the expense with the class when providing the necessary information.
