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Class examples (wholesale businesses)

A wholesaler who sells furniture and home accessories might want to classify account balances by product line (Furniture and Accessories). If you create one class for each product line, you can later create reports by product line, such as a Profit & Loss by Class report and the Balance Sheet by Class report.

Other examples:

Track income and expenses at each of your distribution centers:

  • Center 1

  • Center 2

Track income and expenses for each of your product lines or departments:

  • Garden

  • Hardware

  • Tools

If you want to break down your account balances even further, you can create subclasses.

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