how to set up classes in quickbooks

Setting up classes in QuickBooks allows businesses to categorize transactions by specific segments, such as departments, locations, or projects, making it easier to track financial performance and generate detailed reports. To set up classes in QuickBooks, navigate to the "Settings" menu, enable class tracking, and then create custom classes based on the needs of your business. Once classes are set up, assign them to relevant transactions, such as invoices, expenses, and bills. This feature provides valuable insights into profitability and helps streamline financial management, making it easier to manage budgets and monitor different areas of the business.