How to use Classes

You will notice a column called “Class”, located between “Name” and “Source”. This column is optional.

Classes help you track your Profit & Loss by certain criteria.

If you would like to use this feature, you can create classes that you assign to your transactions. This lets you track Profit & Loss by project, department, location, event, separate properties you own, or any other meaningful breakdown of your business. 

For example, if you had a restaurant with three locations, you might create an "Uptown", a "Midtown", and a "Downtown" class for tracking Profit & Loss by location. Please understand that you can’t use classes for two different purposes. For example, you can’t track by both department AND location, as some transactions would require multiple classes, which isn’t possible. You can only assign one class per transaction. So pick one criteria to have classes represent and stick with it.

Included in your monthly PDF reports is a report called “Profit & Loss - YTD by Class”. If you never use classes, you will basically see only an “unclassified” column. However, if you do use classes, this report shows the profit and loss of each aspect of your business that you track by class.

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