To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.

Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm. 

Click the gear icon, then select "Account and settings".

Click anywhere in the "Categories" section to make it editable, then click the toggle next to Track classes (it should turn green to indicate it is turned on).

Click the gear icon, then select "All lists".

In the Name field, type "Residential", then click "Save".

*Note: Do not select the checkbox next to "Is sub-class".*

In the Name field, type "Commercial", then click "Save".

*Note: do not select the checkbox next to "Is sub-class".*

QuickBooks

QuickBooks is a widely-used accounting software developed by Intuit, designed to simplify financial management for businesses of all sizes. It provides a user-friendly platform for tasks like invoicing, expense tracking, payroll processing, and generating financial reports. QuickBooks automates many financial processes, making it easier for businesses to monitor their financial health, prepare taxes, and manage cash flow. With its various versions and integrations, QuickBooks caters to the needs of freelancers, small businesses, and larger enterprises, offering a flexible and comprehensive solution for efficient accounting and financial management.

app.qbo.intuit.com

fastandeasyqbo.com

Scenario: Craig would like to track his income by residential vs. commercial services. Use the classes feature to set this up for him, and provide reports to show the sales for each class.

A.1.2 Creating and Using Classes

Turning on Classes

Setting up the Classes

Assign the Classes to Transactions