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M
Martin2022
January 16, 2022
Question

Location versus Class tracking for 3 different branches

  • January 16, 2022
  • 1 reply
  • 0 views

Hi Everyone 

I own a business with 3 locations.  Currently I have 4 QBO accounts (one for each location and one for admin that all locations provide with a management fee). 

I would like to simplify my profit and loss statements so everything is on one QBO account.  

 

We are trying to decide if we should use Classes or Locations to divide up into the branches. 

 

Has anyone done this before? 

Is there a reason to choose classes instead of locations?  

 

Thank you for your help. 

 

1 reply

Angelyn_T
Angelyn_T
January 17, 2022

Hi there, Martin. Let me share with you some information about the class and location tracking in QuickBooks Online (QBO).

 

When recording your transactions in QBO, you can either use the class or location tracking feature. Classes track profit-loss accounts while locations can be used for both profit-loss and balance sheet accounts.

 

The location tracking feature applies to the full transaction while classes can apply to each line item on the transaction or they can apply to the whole transaction. You can see this screenshot for your visual reference.

 

Depending on what's best for you and your business, you can select either way to classify your entries. You may also seek additional assistance from your accountant or an accounting expert about this matter.
 

I'm adding these articles to learn more about these features:

 

 

You may also check out the resources from this link for more tips while running your reports to keep track of your transactions: Run reports in QuickBooks Online.

 

If you have any other follow-up questions about class and location tracking, let me know by adding a comment below. I'll be right here to provide additional assistance. Have a good one!

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