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Class examples (legal offices)

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.

Examples of classes for law firms

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 specialization.

  • 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.

See also

KB ID# H_CLASSES_EXAMPLE_LAW
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