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rstrobo1
November 4, 2022
Question

Multiple Divsions - One Company

  • November 4, 2022
  • 1 reply
  • 0 views

I have a demolition company that has been operating and using Qbooks for many years.  A few years ago - we opened up another location - but continued to use the same bank account and qbooks file for all the transactions.  Now - I would at least like to continue using one file and one bank account - but be able to track income and expenses separately for each division.....

1 reply

KlentB
KlentB
November 5, 2022

I can definitely help you in handling that, rstrobo1.

 

You can use the class tracking feature to categorize and track data from different locations, offices, outlets, or departments of the same company. Here's how to turn on this option:

 

  1. Go to the Edit menu,
  2. Select Preferences, then choose Accounting.
  3. Head to the Company Preferences tab.
  4. Tick the Use class tracking for transactions checkbox.
  5. If you want a reminder when you haven't assigned a class, select the Prompt to assign classes option.
  6. Click OK.

 

After that, follow the steps in this link to help create your class list and assign transactions to classes: Set up and use class tracking in QuickBooks Desktop.

 

I also recommend checking out this article to learn how to run and customize your reports by class: Filter, sort, or total reports by Class.

 

If you have further questions about how classes work in the program, just leave a reply and I'll get right back to you. Have a good one!

R
rstrobo1Author
November 6, 2022

OMG - This is a game changer for me!  Thank you so much for the tip!

Q
QueenC
November 6, 2022

Hello there, @rstrobo1.

 

I'm glad to hear that my colleague was able to help you! If you have other concerns, please don't hesitate to post here.

 

Please know that you're always welcome to post here in the Community. Have a great day!

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