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J
jdy@luxsant.com
November 27, 2021
Question

Can anyone how to correct the Not Specified column on my Balance Sheet report? I already entered class on the transactions showing on the detail report and still the same

  • November 27, 2021
  • 1 reply
  • 0 views
I already entered Class on my transactions and still showing as Not Specified on my Balance Sheet report

    1 reply

    Jen_D
    Jen_D
    November 27, 2021

    Thanks for visiting the support forum for QuickBooks, @nadeemvaidya.

     

    I'm here to share some insights about the Not Specified transactions under the Class column.

     

    This reporting behavior is working as designed. Your Balance Sheet can pull the class categories from your transactions. However, there are exemptions to this, for example, Accounts Receivable, Accounts Payable. These accounts aren't sorted by class assigned to them, which is why they are tagged as "Not Specified." This goes the same way as location tags. 

     

    This article explains this scenario: Run a balance sheet by class or location.

     

     

    You can also browse these articles to learn more about managing your reports:

     

    If you have other concerns with our program besides this class reporting concern, please visit us again. We are more than happy to help you out. Have a lovely day, and thanks for reaching out to us!

    J
    jdy@luxsant.comAuthor
    November 29, 2021

    Thank you for the clarification.

     

    Is there anyway we can eliminate the "Not Specified Column"?

     

    We want to get the report as per Classes as we are using this for our subsidiaries reporting.

     

    I would appreciate any help. Thank you in advance.

     

     

      JoesemM
      JoesemM
      November 29, 2021

      Thank you for the prompt reply. I'll join the thread and help share some information about the Not Specified Column in your report, @jdy@luxsant.com.

       

      The Balance Sheet report shows the total balance of a sales transaction created under the Not Specified column when we select Classes under the Display column by. Classes are only linked to details and aren’t linked to headers.

       

      Since the Balance Sheet report generates banks and account receivable, all transaction assigned to different classes will be added. For example, if you've chosen Classes, the amounts under Not Specified come from those transactions that don't have class assignments. 

       

      To further check the transactions so you can assign them to a specific class, you'll have to click the amounts to open it. Once opened, assign a class to them. When done, go back to the Balance Sheet report and select Class on the Display columns by field. You also need to ensure that you select the correct Report period and Accounting method. 

       

      For additional details on how the Balance Sheet report works in QuickBooks Online, feel free to check this article: Run a balance sheet by class. In case you need to fix something in your balance sheets, you can use this article as a guide: Basic troubleshooting for balance sheets. 

       

      Also, I'm adding these articles that will guide you on how to run and send a scheduled customized report. It provides financial reports that give you a snapshot of your business:

       

       

      It'll be always my pleasure to help if you have any other questions. I'll be keeping an eye on your response. Have a nice day ahead, @jdy@luxsant.com.

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