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userkhalid_jawed
Level 1

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?

 
Solved
Best answer January 19, 2021

Accepted Solutions
JonpriL
Moderator

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?

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:

  1. Go to the Gear icon.
  2. Under YOUR COMPANY, select Accounts and Settings.
  3. Select Advanced.
  4. On the Categories section, select the Pencil icon.
  5. Toggle to turn on class tracking.
  6. Choose how you wish to track classes per transaction.
  7. Select Save.
  8. 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.

View solution in original post

2 REPLIES 2
JonpriL
Moderator

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?

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:

  1. Go to the Gear icon.
  2. Under YOUR COMPANY, select Accounts and Settings.
  3. Select Advanced.
  4. On the Categories section, select the Pencil icon.
  5. Toggle to turn on class tracking.
  6. Choose how you wish to track classes per transaction.
  7. Select Save.
  8. 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
Level 15

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 

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

 

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