what are classes in quickbooks

Classes in QuickBooks are a feature that allows businesses to categorize and track financial data by specific segments, such as departments, locations, or projects. By assigning classes to transactions, you can easily generate detailed financial reports that provide insights into different aspects of your business operations. For example, you can track income and expenses for multiple locations or separate business units, helping you evaluate the performance of each segment. Class tracking is especially useful for businesses that have multiple divisions or offer multiple services, providing a more granular level of financial reporting.