Hi there, Shane. Welcome to the Community.
Yes, you would need to pay for a second subscription. In QuickBooks Online (QBO), each subscription only covers one company file. If you want to create a second, separate company with its own books, you would need a second subscription.
If you only need to track different activities within the same business, you might consider using class and location tracking. This allows you to organize your income and expenses by various parts of your business, such as departments, products, or any other meaningful segments, enabling you to assess the financial health of each area.
You can visit this article to explore more about how class and location tracking work: Get started with class tracking in QuickBooks Online.
If you have follow-up questions, please don't hesitate to hit the Reply button.
