show lowest subaccount only quickbooks for mac

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.

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.

Most often youll use classes for grouping transactions into management information categories as opposed to the financial accounting categories provided by the Chart of Accounts.

For example, if you buy Office Supplies for multiple departments and you want to keep track of each departments use, the what is office supplies; the what for is the various departments administrative, sales, production, etc.

So office supplies (expense) should be an account and each department should be set up as a class.

To illustrate the problem, consider this fragment from a simple chart of accounts.

The Classes list in QuickBooks can have up to five levels (classes and subclasses), which gives you more functionality and flexibility in using the class feature.

To have class information arranged in reports in a way that provides the most benefit, it does help to give some thought as to how the list should be structured.

Class tracking is only available in the Online Plus and Advanced editions.

In some cases such as for invoices, you may have to customize the forms template to have the Class column appear.

Your tutorials have helped me tremendously and I had to let you know.

I now know the difference between classes and sub-classes as well as accounts vs sub-accounts and Im confident using them to formulate the type of reporting I need for my business.

Show Lowest Subaccount Only Quickbooks For Mac