The Class list is empty when you first create a QuickBooks company file, so you can set up any number of classes you want in it. ![]() So think of the class list as having a second chart of accounts which you can apply to transactions to group them into categories different from those provided by the Chart of Accounts.Īccounts mostly organize transactions into financial categories – income, expenses, receivables, payables etc., but classes let you organize transactions into any categories you want, and you have full control over what those categories are. The main difference between class and account, is that every transaction must have an account assigned to it, while it’s optional to assign a class. ![]() Using Classes and Sub Classes vs Accounts and Sub-Accounts in QuickBooksīy Marie | | Classes & Location, Company Setup & Management, Financial Statements & Reports, Preferences & Customization, QuickBooks for Mac, QuickBooks for Windows, QuickBooks Online
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