The Class feature is one of the least utilized of all of QuickBooks features. The Class feature is used in any number of ways to keep track of transactions, purchases or sales by assigning another identifying designation to the transaction. Some businesses use classes to identify the location of the transaction if it has more than one location. Others use classes to identify the area of business in which the transaction occurs. For example, a restaurant/catering company may want to assign classes to designate the income generated by the restaurant and by the catering separately so that a profit and loss statement can be generated for each section of its business. Tips Warnings Writer Bio
