2016
Exploration companies
often need to track
expenditure by “Project” or
“Program”
There are two main reasons for tracking
exploration expenditure by “Project”,
“Program” or “Property”:
(1)
Reporting to government;
(2)
Reporting to partners or optioners.
Projects & Classes
CampControl recommends
using the QB “Class”
classifier to separate
expenses by “Project” or
“Program”
To view a video presentation of using “Classes”
in QuickBooks, please click here.
“Classes”, the way
QuickBooks desribes them
“Classes provide a system for categorizing
transactions that goes beyond the basic ways
of assigning transactions to expense or
income accounts.
With classes, you can categorize each detail
line on a transaction. This lets you write one
cheque to the same supplier for things bought
for two different business units and still track
the business unit for those purchases.”