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T
Tiffany M
June 20, 2024
Question

Calculate Percentages for Class Allocation

  • June 20, 2024
  • 1 reply
  • 0 views

Hi there!

 

We have multiple classes in our Quickbooks Enterprise Desktop, and often we split expenses based on percentages to each class where we would like an expense to hit.

 

For example, I pay a bill to Vendor ABC for $500.00 expensed to office supplies.  For the office supplies to be split between our classes and hit various P&L's, we have a percentage calculation for each class.  So Class 1 gets 53% of the expense, Class 2 gets 20% of the expense, and Class 3 gets 27% of this expense.

 

Since we have so many classes and so many items that are split in this manner, we actually have a class for these items and make journal entries monthly to allocate these percentages.  It would be so much easier if there was a way to select to split this within the bills.  We are aware that we can do the math in each bill, but with multiple people making entries it causes concern for error.  Something automatic would be much easier, so I was wondering if it is at all possible?

 

I have seen articles to do this in sales and customers, but no option for vendors and payments.  I am sure this is a long shot, but I figured it wouldn't hurt to ask!

 

 

1 reply

J
JuliaMikkaelaQ
June 20, 2024

I see how beneficial having a feature that automatically calculates the percentage when you allocate a class on your bills, Tiffany. I'll share some information about the classes and their attributes.

 

A class is designed to keep track of account balances in QuickBooks Desktop. However, the ability to assign a percentage that instantly computes the amounts is currently unavailable. Thus, to ensure it receives attention from our product engineers, I suggest using the feedback option, enabling us to enhance the program's features accordingly.

 

Here's how to send one:

 

  1. Go to the Help menu and select Send Feedback Online.
  2. Choose Product Suggestion.
  3. In the Product Area, pick the scope of your request.
  4. Enter your recommendations in the field provided.
  5. Click Send Feedback.
     

 

Moreover, you can visit our QuickBooks Desktop App Marketplace website and search for third-party applications that offer this feature.

 

Additionally, I've added this article as a future reference to learn more about the different reports by class categories you can run within the program: Filter, sort, or total reports by Class.

 

It's always my pleasure to help if you've got other questions aside from working with bills and classes in QuickBooks. Use the Reply button and leave your comment below so that I can lend a helping hand.

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