You can have multiple company files under the same QuickBooks Online account. There is no option to have two company names in the same company file.
Each company file is its own paid subscription, but you access them with the same sign-in info. This lets you quickly switch between companies so you can manage everything more efficiently.
One QBO account is for one company file. You can manage branches/divisions by utilizing the Class/Location feature available in QBO Plus and Advanced. Otherwise you should open a new account.
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