Should classes be used for multiple business locations?

Posted by Mr . . on July 23, 2006, 12:33 pm

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> I just bought quickbooks. I have one bank account, well ok two a checking

> and savings. The non-profit org money is located in the one account and

the

> total amount has been split up amongst various outlying locations from the

> central store.

> I know how much of the 'pie' each of the outlying locations has been

> alocated to spend and have been tracking their income & expenses in excel

> and a confusing spreadsheet.

> I'd like to start quickbooks and create the one (two) bank accounts and

> establish a 'class' for each of the outlying locations.

> How can I do this and have the outlying location 'classes' start out with

> their allocated balance that remained at the end of the second quarter?

> Do I make the initial account balance and reflect it with split

transaction

> going to each class?

> How about later on when I want to reallocated a new influx of funds

amongst

> all of the outlying units?

> OK last Q. can a report be gernerated to show only the transactions for a

> specific class, and another report showing the income/expense/ and balance

> of all the classes together?

> Mr.