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paka18081
Level 1

How can I add another company to a existing QuickBooks online account?

 
5 Comments
Fiat Lux - ASIA
Level 15

How can I add another company to a existing QuickBooks online account?

If both of companies are located in the US, you have to open a separate QBO account

https://quickbooks.grsm.io/US

https://quickbooks.grsm.io/us-promo

 

MaulikH
QuickBooks Team

How can I add another company to a existing QuickBooks online account?

Welcome to the Quickbooks Community, Paka18081.


 

You can have multiple companies attached to one QuickBooks Online account. Each company you add will have its own subscription.


 

To add a new company:

  1.  Go to the QuickBooks Page that details the pricing and select the subscription that fits your business best. 

  2.  You'll see one of two sign-in pages.  

  • If you haven’t signed in recently,  you’ll see a page that asks you to create an Intuit account to buy QuickBooks. Scroll to the bottom and look for the small text that says “Adding a company to an existing account?” Select Sign in next to this. When asked, enter the same ID and password you already use for QuickBooks

  • If you recently signed in to QuickBooks, you’ll see a page asking you to confirm the account you want to sign in under. If it’s the account you want to manage the new company with, select “Yes, that’s correct.”

       3. Fill out the information for your new company.


 

You'll be asked which company you want to open whenever you sign in. If you'd like to switch between companies, Click Settings ⚙️, and select Switch Company.

If you already have another company under a separate QuickBooks Online account, you can easily move them all under one account. 

If you have any questions, please feel free to reach out to me here. 

 

cjustice1
Level 1

How can I add another company to a existing QuickBooks online account?

The owner wants to have 3 separate companies so all income and expenses are tracked in each company. He also wants to have individual financials for each company but be also wants to be able to have one same financial report combining all 3 companies. This would include each companies payroll for each company.

 

cjustice1
Level 1

How can I add another company to a existing QuickBooks online account?

Thank you for your response. What I am needing is this. Currently the old CPA firm set up the first two companies using the location option but this option does not separate the payroll so when I print out the financials he gets everything split but the payroll. I am being told that it is not a good idea to separate the payroll except a go around is to JE the payroll expense each week into the proper companies so each companies will breakdown the income and expense's properly. So should this 3 company be set up as location too all under one subscription  or why is it not advisable to have each company set up with their own payroll.

 

Carol

Fiat Lux - ASIA
Level 15

How can I add another company to a existing QuickBooks online account?

@cjustice1 

As I mentioned earlier, QBO account is for one company file.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

But if you wish to manage multi branches/division, you may utilize the Class/Location feature available in QBO Plus and Advanced. Then you may record the payroll data in JE by Class/Location if required.

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