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Bookkeeping Services | How and Why to Use “Classes” in QuickBooks

October 17, 2016 / by Lynn Wise posted in Flint Michigan

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Lynn-Wise-for-web.jpgLike most bookkeeping services professionals, I love QuickBooks. It’s one of the best accounting software options out there, used widely by small businesses, individuals and professionals in the bookkeeping services industry. This software offers a lot of tools for organizing and reviewing your finances. One of these tools is the “Classes” option, which is a must for businesses with multiple sources of profit.

Segregating transactions into different Classes will allow you to separate transactions according to pre-determined criteria. For example, if you run a Heating & Air Conditioning company, you can classify all Service Repair transactions under one Class and Installs under another. Another reason to use Classes is if your business has more than one location. By separating the transactions by location, you will be able to track how well each location performs.

Consult with your bookkeeping services professional about how best to organize your data to allow for better analysis.

Here’s how you can make use of this feature:

  1. In QuickBooks, go to the menu bar, select Edit, then Preferences.
  2. Once you’re in Preferences, click “Accounting preference.”
  3. From this menu, choose the “Company Preferences” tab.
  4. Click “Use Class Tracking for Transactions,” and then set up your different classes according to type of transaction or location of transaction.

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Supporting Strategies Expands to Flint, Mich.

May 12, 2016 / by Leslie Jorgensen posted in Flint Michigan

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Wise Becomes Managing Director of New Franchise

Leslie-Jorgensen-for-web.jpgSupporting Strategies is pleased to announce the opening of our latest office, in Flint, Mich.

Lynn Wise, Flint Franchisee and Managing Director, is an award-winning business executive and entrepreneur who has spent over 20 years managing and supporting businesses of all sizes, including six successful companies of her own. Much of her experience comes in the HVAC, plumbing and trades fields.

"I elected to invest with Supporting Strategies because of their leadership in people, processes and systems in the bookkeeping space," Wise said. "I focus on specialty contractors who need good management and organization in their business so they can focus on selling, delivering and training in the field."

Supporting Strategies has developed a proven, scalable business model with highly automated systems and processes to deliver cost-effective accounting services. Franchisees like Wise are leveraging our proprietary technology platform and team of virtual, seasoned accounting professionals to serve a growing roster of clients.

To learn more about franchise opportunities with Supporting Strategies, please check out an upcoming webinar or attend a future Discovery Day. You may also contact Stephen Schultz, Vice President of Franchise Development, at steve@supportingstrategies.com or 978-479-2871.

If you are with a business in the Flint area and would like to discuss outsourcing your accounting needs, please contact Lynn Wise at lwise@supportingstrategies.com or 810-535-9031.

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