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Can I open saperate account for my company branch??

 
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QuickBooks Team

Re: Can I open saperate account for my company branch??

Hi, @aseyidov16.


Thanks for dropping by the Community. I’m here to share some information about creating an additional QBO account for a company branch.


You may not need to create a separate QBO account if the company branch is operating under the same EIN. You can use class or location tracking to monitor income and expenses for different sections of your business.


The option is available in QuickBooks Online Plus and Advanced. If you’re using QBO Essentials or Simple Start, you can upgrade to use the feature. Click this link to know more about our updated pricing and features: https://quickbooks.intuit.com/pricing/.

 

However, if you’re using a different EIN, you have to set up an additional account for operating and financial reasons. Each company is required by the IRS to have separate books.


To create a new QuickBooks Online company, you have to purchase a second subscription. Here’s how:

  1. Go to https://quickbooks.intuit.com/pricing/.
  2. Choose the QuickBooks version you need. 
  3. Click Buy now or start the 30 days free trial.
  4. On the signup page, select Add another company.
  5. Enter your Intuit login credentials.
  6. Select Add new company.

See create or add another QuickBooks Online company for more details.


That should get you pointed in the right direction. Reach out to me if you have any questions, I’m always here to answer them for you. Wishing you the best!