Add Class to an Existing QuickBooks File

September 30, 2023

Q: I adapted QuickBooks for real estate and property management as you suggested. I added the class tracking. Where do I go from here to separate my properties?

A: After adding class tracking to your file, enter the Class for each and every transaction. Then check your reports –

If there is any amount in the Profit & Loss Unclassified report, double-click to open the transactions and enter the Class. This report should have no transactions.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

For Real Estate Investors

For Real Estate Investors

For Property Managers

For Real Estate Investors

For Real Estate Professionals

QuickBooks App

QuickBooks Software

Apps we use