what is class tracking in quickbooks

Class tracking in QuickBooks is a powerful feature that allows businesses to categorize and track specific segments of their operations for better financial management. By using classes, companies can allocate income, expenses, and transactions to different departments, locations, or projects within QuickBooks, making it easier to analyze and report on financial performance. Class tracking helps businesses gain deeper insights into areas like profitability by project, cost management, and departmental performance, ultimately aiding in more informed decision-making. Whether you're managing multiple locations, clients, or job-specific costs, class tracking in QuickBooks enhances financial visibility and ensures accurate profit and loss reporting for each segment of your business