Profit and Loss by Class

Profit & Loss by Class

The class feature is a very effective way of capturing transactional information for different part of the business.   These parts are often called departments, divisions, profit centers, etc.

The Profit & Loss by Class Report provides the profitability by these different parts of the business.  If a transaction has not been specifically assigned to a class, it will appear in the unclassified column.  For that reason, the recommendation is that every transaction be applied to a class to ensure accurate reports.

QBRA-2004: Reports > Accountant & Taxes > Profit & Loss by Class

There is not a Balance Sheet by Class report in QuickBooks.  To efficiently create such a report, the best alternative is to create separate accounts then use an add-on solution to prepare the report.

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Profit and Loss