How to Use Classes in QuickBooks Online
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2. Set Up “Projects” (Optional but Recommended):
• Create Projects: o For each grant or significant initiative, utilize the Projects feature in QBO. • Benefits: o Allows generation of profitability reports per project, aiding in grant reporting. • Video Tutorial: o Learn how to effectively use the Projects feature: o
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Using Projects in QuickBooks Online
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3. Revisit Opening Balances:
• Reconcile Accounts: o Ensure all bank and credit card accounts are reconciled. • Adjust Entries: o If discrepancies exist, make adjustment entries to align opening balances with audited figures or final year-end statements. • Video Tutorial: o For assistance with reconciliation, watch: o
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How to Reconcile in QuickBooks Online
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