Utilizing Classes Like Quickbooks?

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1

My use case is I have one business with one bank account that has two very distinct departments. Service and rentals. In an ideal world I would be able to classify each transaction based on which department it’s associated with. We only have two employees, so we are looking at getting two different credit cards and labeling them service or rental related to help us.

An ideal goal would be to be able to run a profit loss on the two different classes to see the health of each side of the business. How would you go about doing this in Tiller?

In order to unlock classes in Quickbooks it is $118/mo which is outside of what we are looking to spend on our software so hoping to find a solution here since I use Tiller for my personal finance already.

Thanks!

2

I think you could probably do that with category groups? There’s a simple P&L template that Tiller made this year you could also use to run your profit/loss reports as well. You should also be able to use AutoCat to categorize stuff by account number as it’s coming in and speed things up for yourself.

3

Does it need to be in the same spreadsheet? Or could you have one for rentals with the credit card linked to one sheet and same thing for service?