Quickbooks 2021 Tutorial for Beginners - How to Use Class Tracking in Quickbooks

In this Quickbooks 2021 tutorial for beginners on how to use class tracking in Quickbooks, I walk through not only the crucial step of setting up your classes correctly, but also how to classify all transactions in your Quickbooks file.
Beginners and advanced users of Quickbooks desktop 2021 will benefit from this video. Class tracking in Quickbooks, when done properly, allows you to see critical aspects of your business you were unable to see before. And if you are a Quickbooks beginner working in an office, gaining this knowledge will help you impress your boss!
Discover how to use class tracking in Quickbooks with this video.
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[@QbuniversityOrg]

Please like and subscribe to my channel!! If you have any questions or comments please leave them here!

[@bcwu3628]

Just exactly what I was looking for. Thank you for making this video!!!!

[@QbuniversityOrg]

You’re welcome!

[@rickhamilton2332]

Great video!!! Thank you. New to QB and was trying to find a way to split out expenses between rental properties and it looks like this will work.

[@QbuniversityOrg]

You’re welcome!

[@marksiegel4054]

You commented on the difficulties of removing a class if you have been historically entering transactions for it. But if you have a single division for several years, say Commercial Construction, and weren't really using classes, and then added a new division for residential to your business, could you set up the two classes and then assign all previous transactions to the Commercial Construction class and then go forward with the new additional Residential Construction class as well?

[@mostafasaied1790]

Thanks alot. Please need a detailed practical explanation of the manufacturing processes

[@QbuniversityOrg]

I’m not sure what you mean?

[@mostafasaied1790]

@@QbuniversityOrg How is the manufacturing process? Example Air conditioning factory How to transfer from a raw material warehouse to a warehouse in operation How to create manufacturing models etc..

[@QbuniversityOrg]

@@mostafasaied1790 that would be a pretty detailed process I can’t really answer here. I would map out the entire flow and process first then build it in QB

[@auntcookie9163]

Hello Thank you for this. I am helping out a very small NP in my town, they have QBs, I was not familiar QB before I started. the University has been helpful I need to run a report by the Customer Job. could you direct me to a video that deals with that.

[@lisaweber1694]

Very helpful! Do you have a video on customized reporting with classes and subclasses?

[@QbuniversityOrg]

Thanks! When you say customized reporting do you mean just a video on reporting with classes and sub classes?

[@lisaweber1694]

@@QbuniversityOrg Yes, I have a client that would like part of the financial statement rolled up at the class level and part at the subclass level. Is this even possible or will we need to export to Excel and manipulate manually?

[@QbuniversityOrg]

@@lisaweber1694 hmm. Only part of the PL as Class and Subclass? I don’t believe that’s possible. It would all be shown as a class. Unless you only code certain transactions to the class and the other ones to a “General” type class

[@lisaweber1694]

@@QbuniversityOrg That's what I was thinking. I'll have to think about this a bit and talk with the client further. Thanks for the help!

[@QbuniversityOrg]

@@lisaweber1694 you’re welcome and good luck!

[@jacksonjacob647]

MATT: Form 1099-NEC being a 3-part form, how do you setup the printing to print on all three forms at the same time? When I print, it prints only on part one of the form - not sure what settings I need to set to have it print on all 3-parts

[@QbuniversityOrg]

Just click print again for each copy you need

[@njoroge2061]

Is the quickbook university link working ?

[@QbuniversityOrg]

Unfortunately not right now. We are moving the training to a new platform and adding new features. Hopefully it’ll be back up this coming week