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Hosted QuickBooks Tip of the Week: Use Class Tracking to better track your Profit and Loss

Using class tracking in QuickBooks will allow you to setup your own way of tracking your business transactions. When entering transactions, you can assign different classes for better reporting. Examples of separate classes might be Sales Territory 1 or Marketing. You can run your Profit and Loss report to include Classes.

To enable Class Tracking you simple go to Edit>Preferences>Accounting>Company Preferences and check the box Use Class Tracking.

Please tune in to next week’s QuickBooks tip.