17 Nov Profit and Loss by Class
Profit & Loss by Class
The class feature is a very effective way of capturing transactional information for different part of the business. These parts are often called departments, divisions, profit centers, etc.
The Profit & Loss by Class Report provides the profitability by these different parts of the business. If a transaction has not been specifically assigned to a class, it will appear in the unclassified column. For that reason, the recommendation is that every transaction be applied to a class to ensure accurate reports.
QBRA-2004: Reports > Accountant & Taxes > Profit & Loss by Class
There is not a Balance Sheet by Class report in QuickBooks. To efficiently create such a report, the best alternative is to create separate accounts then use an add-on solution to prepare the report.