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Level 1

Is there a way to take an account under one company and create a new company with it?

I'm using Desktop version. I need to remove an account under one company and create a new company with it. Can I do this? 

 

OR is there a way to separate accounts within a company for reports--specifically profit and loss. 

2 Comments
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QuickBooks Team

Is there a way to take an account under one company and create a new company with it?

Hi there jdtractr,

 

I'm glad to hear you've been using QuickBooks Desktop to manage your business' books. It's important to keep accounts organized and I appreciate that you want to keep some accounts separate from others in your QuickBooks Desktop company. Let me explain how you can create a new company file using data from your existing file.

 

There are several steps to take and consider in this process. It's important to consult with an accountant when making these types of decisions with your company file. If you're not working with an accountant yet, connect with a QuickBooks-certified ProAdvisor. Once you've come to a decision that's best for your business, you'll want to ensure that you save the account balances that you'll need and export lists that you'll need from your existing company file. The article below outlines the entire process, so please refer to it for additional support:

 

 

When you're ready, you can Create a QuickBooks Desktop company file with the data that you'd like to carry over. It's important that you give your new company file a unique name so that QuickBooks doesn't accidentally overwrite your data.

 

If you need additional support with this process, you can turn to our support team. It's their job to make processes like these easier for you. They can walk you through the steps and help you along the way. Check out our Intuit QuickBooks Desktop support software policies first, then call 1-877-772-9158 when it's most convenient for you. 

 

Best of luck! 

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Level 14

Is there a way to take an account under one company and create a new company with it?

@jdtractr 

You may utilize one of these migration tools.

https://transactionpro.grsm.io/qbd

https://partners.saasant.com/affiliate/idevaffiliate.php?id=5051_2

 

Filter your data in current company file and export it out to XLS. Create a new company file and import the data.