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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
2, June

How to Create a P&L by Class in QuickBooks


Would you like the ability to create a profit and loss account by location, department, customer type or line of business? The little-known "class" feature in QuickBooks lets you classify your invoices, bills, checks and other data against a customizable set of business divisions or functionalities for more versatile profit and loss reporting. A class can be any way of segregating your business; for example, you could categorize your data by physical location (the Austin location versus the Atlanta location) or job type (new construction versus remodels). Take care to tag, filter and sort your transactions before you create the P&L by Class report.

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