How to Create a Class in QuickBooks

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Using classes in QuickBooks is a convenient way to track profit and loss for the various income streams of your business. For example, if your store has two locations, you can easily separate the total income and expenses for each location by assigning each location to its own class, then selecting that class on each income and expense transaction.

  • Enable the class tracking feature in QuickBooks by clicking the "Edit" menu, then choosing "Preferences." Click the "Accounting Preferences" option on the left side of the screen, then click the "Company Preferences" tab. Click to enable the "Use class tracking" option and then click "OK" to save your changes.

  • Click on the "Lists" menu and select "Class List," which will be an available option only when class tracking has been enabled in "Preferences."

  • Click the "Class" button at the bottom of the window and choose "New." Type the name of the class in the space provided and then click "OK." To add additional class categories before exiting the window, click the "Next" button. The class names that are entered in this window will be accessible from the "Class" option of every income or expense transaction form in QuickBooks.

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