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Lesson 10 - Lesson 10 Using Classes and Dealing with Errors...

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Return to the QuickBooks Pro 2010 web page Lesson 10: Using Classes and Dealing with Errors, Refunds, and NSF Checks
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2 Lesson Objectives After studying this lesson, you will be able to: e Work with classes e Apply classes to transactions e Edit and correct errors e Issue refunds and credit memos e Deal with NSF checks e Create reports to document modifications made to a QuickBooks file e Create a Profit and Loss by Class report
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Working with Classes Used to track income and expenses an areas of the company for which there is no customer or vendor profile list Not tied to any particular customer or vendor Rule of Thumb: Use classes to track only ONE aspect of your company. 3
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Turning On Class Tracking The Preferences window Do not use classes to track information you can track with a customer or vendor profile list. 4
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Common Uses for Classes Depends on your particular business: e Not-for-profit organizations can track specific programs e Contractors can track several crews of workers e Retailers can track separate store departments 5
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