QuickBooks Enterprise-Classes-Responsibility Accounting

Explore QuickBooks Enterprise class-tracking to set up manual payroll and assign employees to departments for responsibility accounting, then process payroll and view profit and loss by class.

Learn to process payroll in QuickBooks enterprise 2021 and allocate wages to departments via class tracking. Then view payroll expenses by class in the profit and loss by class report.

Demonstrates class tracking to allocate supplies expenses by department in QuickBooks Enterprise, using bills and accounts payable, with class setups and vendor-based assignment for profit and loss by class.

Learn how to allocate indirect expenses to departments using activity-based costing and ratio analysis, applying percentages based on floor space to rent and utilities, with Excel and QuickBooks workflow.

Explore how to allocate indirect expenses to departments using QuickBooks Enterprise 2021 class tracking, including entering bills with class allocations, using unclassified or unassigned classes, and end-of-period adjusting journal entries.

Allocate service center expenses to revenue centers using QuickBooks enterprise class tracking and Excel, and review the profit and loss by class with income line items and activity-based allocation.

Learn to allocate service department expenses to revenue centers using method one in QuickBooks Enterprise, via end-of-period journal entries, P&L by class, and detailed departmental allocations.

Explore method 2 of responsibility accounting by allocating service center expenses to revenue centers using class tracking, subclasses, and adjusting journal entries in QuickBooks Enterprise.

Explore balancing the balance sheet by class in QuickBooks enterprise, using adjusting entries and journal reallocations to align assets, liabilities, and equity with the profit and loss by class.