The option of setting up classes and locations in QuickBooks Online is used by many businesses to tag and separate out accounting transactions by department, location and type. Classes and locations are free form lists. Classes and locations can include multiple sub-classes and sub-locations. Classes are flexible, as they can be assigned once per transaction or line-by-line. This option is helpful to businesses that sell products with different characteristics such as color, brand, style and size. Only one location can be assigned to a transaction. Locations are often used by businesses that have one customer with multiple locations, or own a business with multiple locations. Classes and locations can only be created in the Plus and Advanced subscriptions. The Plus subscription is limited to a total of 40 classes and locations combined, and there is no limit to the number of classes and locations that you can have in the Advanced subscription. You will have to turn on class and location tracking in your Company Settings to add your class and locations lists in QBO.
We can Create or Update your Class and Location Lists in QBO
If you already have class and location lists in QuickBooks Online, your accountant can update these lists for you with this service. You can work with your accountant to edit or inactivate classes and locations that you no longer wish to use. You will provide a list of new classes and locations to be setup. You can upload a list of your classes and locations into a folder within your secure document upload portal or you can email the list directly to your accountant. Your accountant will send a notification requesting your class and location lists. You can also enter classes and locations directly within the request on your client dashboard. Once your accountant has setup or updated your classes and locations, you will be able to create a variety of custom income, sales and expense reports that include your classes or locations. The mapping of classes and locations to existing transactions is not included with this service.
Accounting and Bookkeeping Support by a QuickBooks ProAdvisor Program Member
I founded Lend A Hand Accounting because I believe accounting and bookkeeping services should be affordable, efficient, and flexible. We use flat fee pricing, which makes our accounting services a comfortable fit for any budget. At Lend A Hand Accounting, we’ve found a formula that really works! You select the accounting services you need, and control when you want to start or stop services. It is all in your hands! We’ve cut out the need for endless phone calls and long trips to the accountant’s office.
Feel free to call or text me now at 360-637-4799. We can also get started right away. Go ahead and create a free account and we can automatically look at your books and let you know where you stand.
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The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.