Q: I don’t see class list in my QuickBooks. Did I buy a wrong one? I use QuickBooks to manage a rental properties company. What I should do if I don’t use this function?
A: Don’t worry! You did not purchase the wrong version of QuickBooks. The Class field is available for all versions of QuickBooks except in Simple Start. You just need to turn on class tracking.
QuickBooks allows you to customize your settings to your needs. Open the Edit menu and click Preferences.
Click Accounting in the list on the left. Click the Company Preferences tab. Select the Use class tracking checkbox.
Classes give you a way to classify your transactions. You can use classes to classify your income and expenses by any meaningful breakdown. We suggest adding property owners as a Class and properties as a Subclass.
When the class tracking feature is on, a message will appear if you try to close a form without assigning a Class to the transaction. For example, if you enter a rent transaction and do not specify the property or property owner in the Class field, a message will appear prompting you to assign a Class to the line items.