Transaction classes give you a way to classify your transactions. You can use classes to classify your income and expenses by department, location, event, or any other meaningful breakdown of the business you do.
For example, if you charge for multiple events, you might create a Business Expo, an Annual Dinner, and a Golf Classic class for tracking income and expenses by an event. At the end of an accounting period, you could view separate information for each event in the appropriate report download.
Administrators create desired transaction classes by selecting Setup > Transaction Classes. The classes you create are available to assign to your transaction when creating invoices, sales receipts, credits, write-offs, and invoice discounts.
Select Integrated Billing reports will include break-out by transaction class in the .CSV download file including:
- Receivable reports (Accounts Receivable Aging Detail, Open Invoices Report, Collections Report)
- Sales report (Scheduled Sales by Item - Member Fees & Dues Report), and
- Transaction reports (Member Transaction Summary, Invoice Summary Report, Sales Receipt Summary, Credit Memo Summary, Writeoff Summary Report)
These classes are also compatible with QuickBooks classes if choosing to export Integrated Billing and then import into QuickBooks. See Assign Transaction Classes for further information on managing classes.
