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6May 2014
May 6, 2014

QuickBooks tip of the day: Use Classes so you can better track profit and loss

When you’re working with Preferences, make sure Classes is turned on (Edit Preferences |Accounting Company Preferences | Use class tracking). Classes are your own way of categorizing elements of a business. When you enter a transaction, a Class drop-down box will appear; you can create your own Class, such as Marketing, or Advertising, or Building One, or Region A. Then you’ll be able to run a Profit & Loss by Class report.

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