cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Everything you need to know about banking in QuickBooks Online - Discover more
amy-speed
Level 1

I have a sole trader client with two businesses & need seperate figures for each , as 1 is a FHL, do I need two licences?

 
1 REPLY 1
Rasa-LilaM
QuickBooks Team

I have a sole trader client with two businesses & need seperate figures for each , as 1 is a FHL, do I need two licences?

Hi there, amy-speed.


Welcome to the Community. If your client’s businesses submit the VAT as separate entities, they have to add another subscription.


This way, transactions for each company are properly reported to the HMRC. You can visit this link to view the features and comparison for each version: Small Business.


Simply tap the Buy now button to purchase and then follow the instructions to complete the process.


However, if they’ll report the tax as one company, the Location and Class Tracking features will show a clear picture of each segment’s financial health. For an overview on how the functionalities can help categorise the data and tracks the profitability by business, see the following links below:

Stay in touch if you have any clarifications or concerns. I’m here to help and make sure you’re taken care of. Have a great rest of the day.

Need to get in touch?

Contact us