I have two companies on my name how do I create two companies profiles in quick books to charge the right receipt to right company?

userkhalid_jawed · ‎January 19, 2021

JonpriL · ‎January 19, 2021

Ideally, it is recommended to start a new account with a subscription for two different company profiles. If you wish to do so, you can use this article for reference: Get started with QuickBooks Online.

However, you can start using class tracking if you wish to remain using one account for two company profiles. Let's turn this feature on so you can start utilizing it. To do so:

Go to the Gear icon.
Under YOUR COMPANY, select Accounts and Settings.
Select Advanced.
On the Categories section, select the Pencil icon.
Toggle to turn on class tracking.
Choose how you wish to track classes per transaction.
Select Save.
Click Done.

On top of that, here's an article you can read to learn more about class tracking: Get started with class tracking in QuickBooks Online.

In the same manner, I've also included this reference to get a better view of your business's financial status: Learn how to run basic reports in QuickBooks.

If there's anything else that I can help you with, please let me know by leaving any comments below. I'll be here to lend a hand.

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JonpriL · ‎January 19, 2021

Hello @userkhalid_jawed,

Ideally, it is recommended to start a new account with a subscription for two different company profiles. If you wish to do so, you can use this article for reference: Get started with QuickBooks Online.

However, you can start using class tracking if you wish to remain using one account for two company profiles. Let's turn this feature on so you can start utilizing it. To do so:

Go to the Gear icon.
Under YOUR COMPANY, select Accounts and Settings.
Select Advanced.
On the Categories section, select the Pencil icon.
Toggle to turn on class tracking.
Choose how you wish to track classes per transaction.
Select Save.
Click Done.

On top of that, here's an article you can read to learn more about class tracking: Get started with class tracking in QuickBooks Online.

In the same manner, I've also included this reference to get a better view of your business's financial status: Learn how to run basic reports in QuickBooks.

If there's anything else that I can help you with, please let me know by leaving any comments below. I'll be here to lend a hand.

Fiat Lux - ASIA · ‎January 19, 2021

@userkhalid_jawed

One QBO account is for one company file. You may manage branches/divisions by utilizing the Class/Location feature available in QBO Plus. Otherwise you should open a new account.

https://quickbooks.grsm.io/UK

Utilize a tool to migrate some transactions data between QBO accounts if required.

https://transactionpro.grsm.io/qbo

Roxannejl · ‎May 31, 2024

Hello,

I have the same issue but the answer is not helping me.

I have 2 companies, both under my personnal name. This means all my expenses and sales go to the same account. However, when I send bills, I want to be able to choose the name I put on top of the bill. Is there a way to do so without having to manually change the name in the settings ?

Thanks

JaeAnnC · ‎May 31, 2024

Let me shed some light on customising the name shown on top of your bills in QuickBooks Online (QBO), @Roxannejl.

Since only one company file is allowed per QBO subscription, there isn't a way to choose the name shown on top of your bills when sending them to your vendors.

While this option is unavailable, you can forward your suggestion to our software engineers. By doing so, they can thoroughly review your recommendation and may potentially consider including it in our future product developments.

To do that:

Go to the Gear icon.
Select Feedback.
Provide a description for your feature request, then Next.

Moreover, you might be interested in emailing your expense receipts and bills to QBO so the system can create a transaction for you to review and categorize.

It's always a pleasure to assist customers with their concerns. If you have further questions regarding bills, please don't hesitate to return to this thread. We're always here to help. Take care and have a great rest of the day.

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I have two companies on my name how do I create two companies profiles in quick books to charge the right receipt to right company?