Class1 and Class2 are as-yet-undefined classifications.

Classifications are like categorization and Money can have two of them. This
creates three "vectors" for each transaction element. (Category, Class1
defined as something and Class 2 defined as something.) Very few people use
more than one classification.

Examples of how I use my Class1, named Class:

I have top level classes like Vacation, Flying, Automobile, Cell Phone,
Computer, and Property.

Automobile:Gasoline expenses for the CR-V are classified Automobile:CR-V as
are Insurance:Automobile expenses for it.

My Vacation:Airfare expenses may be classified as Vacation:Boston 2001.

Utilities:Wireless Phone for one of my phones are classified Cell
Phone808)555-1212.

Adding a new CD drive to my current desktop would be category
Computer:Hardware classified as Computeresktop IV.

Going out to get current might be Leisure:Flying but classification
Flying:Rental Hours.

If I maintained a rental property, it might be Housing:Maintenance but
classification Property:123 Pigeon Lane.

You can do most everything in terms of reporting with Classifications that
you can with Categories. The limitations: you can't fid/replace them. You
can't get them out in MoneyLink.

That's a quick intro.

Try searching help for keyword classification for more.

"Ben" <Ben[at]discussions.microsoft.com> wrote in message
news:28068A17-294D-4C8B-AE36-EB8E9A9DF4A9[at]microsoft.com...
- quote -

I just used Microsoft Chat support tonight trying to find out if Money has
the capability to use "Classes", after I couldn't find it in help or Quicken
conversions. I used it several years ago when I used Quicken, and found
"classes" to be a very useful tool, especially for managing real estate
properties. I now find another application where "Class1, etc" would be very
helpful, but can't find that capability in Money2006 Premium. Chat told me
Money did not have that feature, but this Discussion Group gives me hope that
I can use it. Can you please him how to find it, or how to initiate it.
Thanks,
--
Ben


"Glyn Simpson, MVP" wrote:

- quote -

As a real-world example, I use mine only for work-related expenses for which
I get reimbursed. I post all those expenditures as transfers to a "Job -
reimbursed expenses" account. I use the classification to record what event
they were associated with. I can report selectively on the transfers into
the account only by use of the classification. (There probably are other
ways, but this is easy.)

When I get reimbursed I deposit the check as a transfer out of the
reimbursement account, same classification. When I report on the entire
event, the total should be zero if I've been fully reimbursed.
--
Chris Cowles
Gainesville, FL


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:eoyiwBHEFHA.3780[at]TK2MSFTNGP09.phx.gbl...

- quote -

You can collect the data you want for as long as the feature exists--or stay
indefinitely on the last version you can stomach where it does exist. For
me, that version may prove to be M04. Classification still exists in M04,
you can infer what I think of M05. Given that it's in M05, I'd bet it's good
through M07. After that, at present rate/direction, prospects may not be so
good.

I probably put classification in 30% of my transactions. It's blank in the
rest.

Glad we could help.

"JohnQM" <JohnQM[at]discussions.microsoft.com> wrote in message
news:04295DAE-B6F8-4FFE-A282-FD392689CF1B[at]microsoft.com...
- quote -

Thank both of you!

I think those classes can be usefull if you would like some detailed
information about some transactions.
But I don't know if I will make use of them because the long term
perspectives sounds rather negative. It think it's not a good idea to put
effort in something that could be removed on the long run. Just my 2cents.

Thanks.
J.

class1 and class2 only exist if you tell them to exist. (IIRC, some QIF
imports, or was it Quicken conversions, create them whether necessary for
the underlying dataset or not.)

class1 and class2 are default names for the two vectors of transaction
classification supported in Money. (Think of Category:Subcategory as a
third, pre-defined, vector.) Classification is useful if you want another
way or two to characterize transactions besides just category:subcategory.
The best way to explain that is, as you've suspected, some real world
examples.

I call class1 Class. In Class, I've defined Classes and Subclasses like:

Automobile:SLK230, :CR-V, :TL, etc
Property:123 Rich Republican Ln, etc
Vacation:Hawaii 2004, etc
Computeresktop IV, etc
Cell Phone808)555-1212, etc

With these I can define transactions like:

$24.50 Automobile:Gas, class Automobile:SLK230
$68.95 Taxes:Ad Valoerm Vehicle, class Automobile:TL
$123.45 Furnishings:Maintenance, class Property:123 Rich Republican Ln
$11.95 Leisure:Photos, class Vacation:Hawaii 2004
$11.20 Utilities:Long Distance, class Cell Phone808)555-1212
$687.50 Computer:Hardware, class Computeresktop IV

Because you can report by classification, you can, say, generate a report of
all expenses related to the SLK230 or Desktop IV or a specific vacation.

Other people use it for job costing kinds of activities. They would also be,
I'm guessing, extremely useful if you had income properties.

Why two separate vectors? I've never figured a good use for the second
vector, but some have reported using it for tax data collection and similar
things.

Whether or not they are really useful depends upon your needs.

One concern: because Most Users Prefer(tm) a way dumbed-down Money--or so we
are told by the people doing the dumbing-down--I will not be surprised to
see these go away in the future. Even GnuCash doesn't support
classification--though it's on their incredibly lengthy To Do list just
waiting for a volunteer to dive in.

"JohnQM" <JohnQM[at]discussions.microsoft.com> wrote in message
news:666F872B-437F-4E34-8AB5-F7AA6CD5DC3E[at]microsoft.com...
- quote -

They are probably classifications. You can, for example, use them to track
multiple items which use the same category. So you could track individual
transactions relating to family members, or countries where the expenditure
is made or properties, for example.

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://support.microsoft.com/default...d=fh;EN-GB;mny or
http://money.mvps.org/faq for UK tips and fixes for MS Money. To send
Microsoft your product wishes see http://money.mvps.org/wishes.aspx

I do not respond to any unsolicited email regarding Money
"JohnQM" <JohnQM[at]discussions.microsoft.com> wrote in message
news:666F872B-437F-4E34-8AB5-F7AA6CD5DC3E[at]microsoft.com...
- quote -

Hello

Beside categories in Microsoft Money 2005 there is also something called
class1 and class2. Those classes can be extended.

What are those classes used for and are they really useful?
Can someone give me somes examples?

Thank you
J.