The best method to track different parts of your company is to use either Class Tracking or Location Tracking. Both features let you track income and expenses for separate parts of your business. You can use either one of them or both of them together. These features are available only in Quickbooks Online Plus.

Classes - can are assigned to individual lines of a transaction.

Locations - are assigned to an entire transaction.

You can choose the term by which Location tracking is described within Settings as well. You can then run reports for the whole company or per class or location. (Note: This setting is not available to Australian Users).  

To turn on either of these features:

  1. Click on the  Gear icon > Company Settings (or Account and Settings depending on what you see).
  2. Click on Company (or Advanced if you entered this menu through Account and Settings) from the left menu bar 
  3. In the Categories section, click on the Edit icon 
  4. Place a check in the box for the category you want to enable and select the settings for the category
  5. Click Save  

To establish the categories:

  • Go to the Gear icon > All Lists
  • Click on Classes or Locations
  • Click on New on the upper right
  • Enter the information
  • Click Save

Note: In order to add or modify Classes or Locations you must have master administrator, company administrator or the appropriate custom user access. If you are unsure of your access rights please contact your master administrator.