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Denise81
Level 1

Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

 
Solved
Best answer November 06, 2019

Accepted Solutions
GeorgiaC
QuickBooks Team

Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

Hey accountsinfo,

 

 

As John mentioned above we wouldn't reccommend using only one licence for multiple companies as the subscriptions are designed to be for one business entity and can only produce one VAT return and trail balance for end of year accounts.

 

 

Thanks

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4 REPLIES 4
John C
QuickBooks Team

Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

Hi Denise81

 

We don't recommend using one subscription, you can of course set the 3 companies up under class and run P&L's by class however you are not able to run Trial Balance and General Ledger reports by class.

accountsinfo
Level 1

Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

Hi John,

 

Is it necessary to have a subscription or licence for each company? I administer many and would prefer one multi-company licence as this is pretty expensive.

 

Kind regards

 

Jo

GeorgiaC
QuickBooks Team

Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

Hey accountsinfo,

 

 

As John mentioned above we wouldn't reccommend using only one licence for multiple companies as the subscriptions are designed to be for one business entity and can only produce one VAT return and trail balance for end of year accounts.

 

 

Thanks

plung
Level 6

Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

@accountsinfo ,

Consider using a QuickBooks Desktop instead. You can manage unlimited company files. You can deploy a private cloud to access your local file by internet.

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