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NewUser100
November 29, 2023
Question

Non Profit - Multiple Financial Statements

  • November 29, 2023
  • 1 reply
  • 0 views

I am new to QBO.  We need financial statements for Ongoing Operations and for Capital Projects.  We also have two physical locations.  For breakdown by location, I assume that I would use Location Codes.  For breakdown by Operations / Capital, I assume that I would use Classes.  So, in effect, we have four sets of books.  Have I got that right conceptually?  Thank you.

1 reply

J
JamesM4
November 30, 2023

Hi NewUser100,

 

Glad to have you join the cloud version of QuickBooks. I'll be happy to share more info and steer you in the right direction so you can continue to navigate the program with confidence. 

 

To shed more light to what you've shared above, I'd like to highlight that locations and Classes are designed for tracking large categories of your business. However, when it comes to tracking individual jobs or projects, I'd recommend using the Projects feature instead. Feel free to learn more about Projects using this link here. In order to learn more about how people use Classes and Locations, I encourage you to check out this helpful article here as it provides more in-depth info. 

 

Let me know if this info helps. You're more than welcome to ask other questions, I'm here to steer you in the right direction. 

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