Class tracking is a new term for many of the QuickBooks users, but it actually lets the user to track account balances by department, business office or location, separate properties, etc. It can be of great help for the businesses having different departments, as it would help in using classes to report account balanced for each department. Class tracking might seem to be a tough task to many, but reading this segment can be of great assistance for you.

If you are interested in knowing the procedure to set up and use class tracking in QuickBooks, then make sure that you stick around till the end. Or you can also consult our accounting professionals using our dedicated customer support number.

Steps to set up and use class tracking in QuickBooks

You can perform the below steps, so as to set up the class tracking successfully:

• Turn on class tracking
  • You need to set up the withholding tax account and item once. When you wish to charge off withholding tax, then using the existing withholding tax item would work.
  • Set up classes based on the type of reporting the wishes to carry out and consider the way in which they desire to see the business segments on reports.
  • Set up an other class to classify transactions that are miscellaneous.
• Set up class categories for expenses and accounts.

Make use of class tracking

The user can assign a class to couple of transactions that we have listed below, let us have a look:

• Invoice
• Sales receipt
• Estimate
• Sales order
• Statement charges
• Refunds and credits
• Check credit card changes
• Bill purchase order
• Paycheck

You might be able to set up and use class tracking in QuickBooks desktop, once you are thorough with the steps above. However, if you aren’t able to set up and use class tracking even after considering the steps discussed in above, then in that case, we are here to rescue you.

Give us a call right away at our QuickBooks support linei.e.1-800-761-1787, and let our team professionals help you.

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