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Everything you need to know about banking in QuickBooks Online - Discover more
cjohnson0512
Level 1

Hi we have 2 self accounting comps under an umberella comp how do I split accounts in QB?

 
1 REPLY 1
Charies_M
Moderator

Hi we have 2 self accounting comps under an umberella comp how do I split accounts in QB?

Hello there, cjohnson0512.

 

Let me share what I know about splitting accounts in QuickBooks Online (QBO).

 

If the two self accounting companies are reported under one payroll and sales tax, then you can use the class and location tracking feature in QBO. This helps track of your income and expenses using class and location.

 

First, you'll want to turn on this feature in QBO:

  1. Go to Settings.
  2. Click Account and Settings.
  3. Select Advanced from the left menu.
  4. On the Categories section, select the pencil icon.
  5. Choose the category you want to enable, then select the settings for that category.
  6. Select Save.

You can have this article handy to know more about how class and location tracking works in QBO: Set up and use class and location tracking

 

However, if it's not reported as one, then the option to split the accounts is not possible.

 

Please follow up with me here with additional details on how the call goes. I'll be right here to help you.

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