How to setup and use Classes in QuickBooks

Is your profit and loss multiple pages, and you just can’t understand it?

Do you have multiple locations or rental properties?

Let me show you how to set up and use Classes in QuickBooks! 🎉

Setting up "classes" will make reading your profit and loss so much easier!

**You can use Classes in “Enter Bills,” “Create invoices,” “Record Deposits,” and “Write Checks”

Steps to Setting Up Classes:

➡️ Setting up a Class

Go up to “Edit”
“Preferences…”
“Accounting”
Under “Company Preferences” Tab
“Class”
Use class tracking for transactions
Prompt to assign classes
Click “OK”

➡️ Class List

Go up to “Lists”
“Class List”
Go down to “Class”
“New”
“Class Name”
Click “OK”

➡️ Profit & Loss by Class Report

Go up to “Reports”
“Company & Financial”
“Profit & Loss by Class”

Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business...

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Timestamps:

0:00 - Intro
0:37 - Setup Classes in QuickBooks
2:34 - Use class in entering Bills
3:00 - Use class in Invoice
3:12 - Use class in a Record deposit
3:19 - Use class in Write Checks
3:26 - Class in Check Register
3:40 - Class List
4:34 - Reading Report
5:59 - Final Thoughts

I’d love to connect with you 👇

#CandusKampfer

[lmutukisna]

one of the best illustration of quick books by classes. yours is direct and simple, thanks

[jesseanaja]

Your illustration goes straight to the point, I love it.

[VanessaZimprich]

Thank you for providing such wonderful information! I appreciate your positive attitude and your willingness to assist others! Thank you!

[MerraCordier]

You just answered all my prayers. Thank you.

[wendyparker]

Such a time saver! Thank you for your easy to understand instructions.

[deanelouisegreene]

Thank you for this quick tutorial for setting up classes & why. I am just starting out in Real Estate Investing and I want my QB set up correctly from the start. I look forward to watching your other tutorials.

[levilozier]

Thank you for the detailed video I watched 5 videos prior to this one and still didn't grasp it until I watched yours. Kudos!!!

[VickiVelez-jhex]

PERFECT succinct but detailed tutorial! Thank you

[john.pereyra]

Excellent...This was exaclty what I was looking for to organize my projects!

[fawmemohamed]

Clear and simple explanation. Thank you

[albertrapant]

Just learning how to set up and use QB's for my RE investing business. Great help tip on using classes. Looking forward to seeing other videos. Thanks Candus.

[lilymai]

Great video! This is exactly what i am looking for. Thanks so much for sharing!

[margaretjoseph]

Thank for explaining how to edit a class (or find a class) in your check register. I searched everywhere on how to edit this one check I classified wrong. Very helpful!

[itswendell]

I know you made this video years ago, but it is extremely helpful. Thank you so much, Candus!!!

[frankayala]

So I am new at QB, I've been searching for educational vids that could help me benefit in operating property management financials, and dear goodness, what the heck? Oh lady you are a Genius thank you a million, i am a wiz with yardi, and started just recently with AppFolio, and now learning QB...your educational vid just blew my mind! wow....WOW...So class list is ideal for like say if you are managing 10 properties, by creating individual class lists for each Property 1, Property 2, Property 3 -10 it would benefit because I would be able to pull up PNLs for each property on its own?

[johnmillercpainc]

Great video! I am current doing accounting for a client whose company has several locations. I needed to use the class field in Quickbooks and your video explained exactly how to it in a clear, easy to understand way. Thank you so much!

[ehab]

Thanks, that was very clear and easy to implement. thanks

[lmutukisna]

Hey Candice, great tutorial, simple and fast. Yes you explained it to look simple. Thanks

[ugochiulli]

I'm a newbie to classes and this video made it so easy! Thanks!

[nickadams]

Great video! Thank you so much I had to reactivate a class and I figured it out from watching!