setting up multiple companies

HI ClaireF1, 

It's a pleasure to see you in Community.  Welcome!  QuickBooks Desktop is a powerful program that enables you to complete your daily tasks with peace of mind.  I'd be happy to provide more information so you're able to accomplish your QuickBooks goals and get back to what you love!

With QuickBooks Desktop, you can set up and use class tracking that lets you track by department, business office or location and other areas of your business.  You can learn more about this feature here.  I recommend contacting us so we can review your current account and ensure you're able to accomplish your QuickBooks goals as soon as possible.

Feel free to get back to us here, if other questions come to mind.  We'd love to help!

Thank you for your response.  We currently use classes, but that is not the issue.  We are too big for QB's so I am looking into other possibilities to still utilize this system with our dispatching program.  My question is; I would like to create two new company files - one for construction and one for service. Is that possible?  I see you are able to merge financial statements from two different companies, so that leads me to believe this possible. Are you telling me that is not the case?

Hi there ClaireF1,

You can have multiple company files to keep track of different companies. You can create one for your second business by following the steps in this guide.

If you have any other questions, feel free to reach out here.

@ClaireF1 

I would recommend to create 2 new company files from scratch. Utilize a 3rd party tool to migrate historical transactions from the old file if required.

https://transactionpro.grsm.io/qbd

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