Procedure to Set up and Use Class Tracking in QuickBooks Desktop
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.
·
In order
to add the class, hit on Ok.
·
Once the
necessary information is filled out, the class tracking feature will activate.
Easy way to
Set up Class Tracking in QuickBooks desktop on Mac
Class tracking feature can be visited or
configured via the QBDT. For Windows setup, you must opt for the Edit option to
enable class tracking. To set up class tracking on a Mac, you must access the 'Transactions'
option.
•
In Mac,
the Transactions option can be used to configure the class tracking feature.
•
Navigate
to the Workflow for turning on the class tracking option by opting for the
Preferences tab in QBDT. Place a checkbox next to Use Class Tracking option by going
into the Transactions option.
•
You can
save changes by closing the window.
The class tracking function will be
activated. The following procedures should be followed in order to set up the
account and enter expenses:
•
Opt for
the Lists menu item.
•
After
that, head to Classes.
•
Hit on the
+ sign to add a new class.
•
In the
field provided, you need to type Class Name.
•
Finally,
hit on Ok.
Class tracking makes it quite easy for you
to develop company reports. This article earmarked several methods to set up tracking in QuickBooks Desktop.
If you found these methods useful, do acknowledge the efforts of our QuickBooks desktop
support experts. For resolution to any queries, you may call our experts at
1-800-761-1787.
QuickBooks helps you to go beyond the fundamental account tracking. So, it becomes very important to understand this expanding of class tracking tool. This class tracking tool Purveys you to attain greater control over expense categorization in a very time-effective way. For setting up and accessing this class tracking tool in QuickBooks you are required to perform certain steps
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