Software: QuickBooks accounting software
User get confuse on whether to use a job or a class.
There are no fix rules as in when a job or a class should be used; a simple guide line would be a “Job” involved ONE customer but many suppliers, and a “Class” involved MANY customers and many suppliers.
We can use job for project given by a customer. If your business is in a project model, you may have one customer that given you multiple projects, in this case, job will be used.
A project such as organizing event or exhibition which involved more than one customer and more than one supplier (You sell exhibition space and needs lots of subcontractors to set up the event). Then, “Class” should be a better choice here.
Sometime, job can be used as branches. A customer can have multiple branches (retail chain); you may like to consolidate up as jobs under the main customer name.
You may want to track your fleet of vans that did the mobile sales, or partners (lawyers) in your law firm; in this case, “Class” can be considered.
Whether a Job or a Class, your objective is to print a report that clearly defines how much is your income and expenses of that particular group.
Either a job or a class, you can only view them in Profit & Loss report and NOT Balance Sheet report. Balance Sheet report is on-going and accumulative; whereas Profit & Loss report is by a specified period.
If you are uncertain about how to use the advance features in QuickBooks, get an expert that knows what you need and how to gel up your accounting process with QuickBooks accounting software.