QuickBooks classes give you a way to track different segments of your
business and to break down your account balances for each segment. For
example, if your firm practices corporate law as well as real estate law, you
can use classes to track the proportion of your income and expenses related to
those two business segments.
You can use classes to:
Analyze the account balances for each location, if you have offices in
more than one location. Make each business office a separate class.
Analyze the account balances for each partner's or associate's
cases by setting up each partner or associate as a separate class.
Analyze the account balances for each area of specialization (such as
real estate or corporate law). Set up a separate class for each area of
Analyze the profitability of your different fee methods: fixed fee,
contingency, hourly, or a combination.
You should use classes for one purpose only.
For example, don't mix using classes for partners
with using classes for office locations.
If you want to break down your account balances even further, you can create subclasses.
Adding a class