What’s the difference between classes in QuickBooks and HOA expense categories?

Classes vs. categories

In QuickBooks, classes allow you to break down financials by departments or segments. HOAs often use expense categories—such as landscaping, maintenance, or insurance—to budget and report. Mapping your HOA categories to QuickBooks classes or sub-accounts lets you generate consistent financial statements.

Best practices

• Create a chart: List each HOA category and the corresponding QuickBooks class.
• Use sub-accounts: For detailed reporting, set up sub-accounts under main classes.
• Review regularly: Adjust mappings if new categories are added.

HOALife integration

When exporting data, HOALife includes category tags so you can map them to the correct QuickBooks classes automatically.