QBO Class and Location Tracking 2 — Questions and Answers
Question 1: Which QuickBooks Online subscription level includes both Class and Location tracking?
- Simple Start
- Essentials
- Plus (Correct answer)
- Self-Employed
Correct answer: Plus
Class and Location tracking are available starting with QuickBooks Online Plus and are also included in Advanced.
Question 2: If a company has multiple retail store locations, which QBO feature is most appropriate for tracking each store's financial performance separately?
- Class tracking
- Projects
- Location tracking (Correct answer)
- Customer sub-types
Correct answer: Location tracking
Location tracking is designed to monitor financial performance by physical or divisional location, making it ideal for multi-location businesses.
Question 3: What happens to a class when you make it inactive in QuickBooks Online?
- All transactions with that class are permanently deleted
- The class is hidden from future selection but all historical data is preserved (Correct answer)
- Existing transactions are automatically reassigned to a default class
- The class is removed from all historical reports
Correct 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.
Question 4: Can you create sub-classes (child classes) in QuickBooks Online?
- No, all classes are always top-level only
- Yes, by checking 'Is sub-class' when creating or editing a class (Correct answer)
- Yes, but only by importing a class list via CSV
- Only in QuickBooks Online Advanced
Correct 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.
Question 5: Which of the following transactions CANNOT be assigned a Location in QuickBooks Online?
- Invoices
- Bills
- Journal Entries
- Payroll transactions created through QBO Payroll (Correct answer)
Correct 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.
Question 6: Does the Location field appear on customer-facing printed or emailed sales forms in QBO?
- Yes, it prints as a visible field at the top of the form
- No, it is an internal tracking field and does not appear on customer-facing forms (Correct answer)
- Yes, it replaces the Ship To field on invoices
- Yes, it appears in the footer section of the printed form
Correct 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.
Question 7: How can you view a Profit and Loss report for a single specific Location in QBO?
- Select P&L by Location from the report center and choose the desired location
- Open a Profit and Loss report and use the report filter to select the specific Location (Correct answer)
- Export to Excel and manually filter the data by location column
- Build a custom report from scratch using the advanced report builder
Correct 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.
