Build transactions cannot classify expenses from capitalizing labor and from adjusting average costs. Users who classify their expenses need a way to classify the expenses that QuickBooks cannot.
Build Assembly can cause unclassified expenses in two ways:
To reclassify expenses, enter a two line Journal Entry by selecting the Company menu and then selecting Make General Journal Entries:
Example: The Profit & Loss by Class report displays a $10.00 debit to COGS in the Unclassified column.
To access this report, go to the Reports menu and select Company & Financial > Profit and Loss by Class.
Note: Ensure the Class is listed on the second line of the Journal Entry, and not the first line.