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Class and Location Tracking Flashcards

7 cards from real QBO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Class and Location Tracking flashcards as text

  1. Which QuickBooks Online subscription level includes both Class and Location tracking?

    Answer: Plus

    Class and Location tracking are available starting with QuickBooks Online Plus and are also included in Advanced.

  2. If a company has multiple retail store locations, which QBO feature is most appropriate for tracking each store's financial performance separately?

    Answer: Location tracking

    Location tracking is designed to monitor financial performance by physical or divisional location, making it ideal for multi-location businesses.

  3. What happens to a class when you make it inactive in QuickBooks Online?

    Answer: The class is hidden from future selection but all historical data is preserved

    Making a class inactive removes it from the active selection list but preserves all historical transactions and their data for reporting purposes.

  4. Can you create sub-classes (child classes) in QuickBooks Online?

    Answer: Yes, by checking 'Is sub-class' when creating or editing a class

    When creating a new class in QBO, you can check 'Is sub-class' to designate it as a child of a parent class, enabling a class hierarchy.

  5. Which of the following transactions CANNOT be assigned a Location in QuickBooks Online?

    Answer: Payroll transactions created through QBO Payroll

    Payroll transactions generated through QBO Payroll are created automatically by the system and cannot be manually assigned a Location.

  6. Does the Location field appear on customer-facing printed or emailed sales forms in QBO?

    Answer: No, it is an internal tracking field and does not appear on customer-facing forms

    The Location field is for internal organizational tracking only and does not appear on printed or emailed customer-facing documents.

  7. How can you view a Profit and Loss report for a single specific Location in QBO?

    Answer: Open a Profit and Loss report and use the report filter to select the specific Location

    You can open any Profit and Loss report and use the filter options to select a specific Location, narrowing the results to that location only.