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TBeers
Level 1

How many separate entities can you set up in 1 cloud hosted copy of QuickBooks Enterprise? All of the entities are related as it's a franchise of restaurants however they have separate EIN numbers and will therefore need separate financials.

 
2 Comments 2
MirriamM
Moderator

How many separate entities can you set up in 1 cloud hosted copy of QuickBooks Enterprise? All of the entities are related as it's a franchise of restaurants however they have separate EIN numbers and will therefore need separate financials.

Thanks for reaching out to the Community forum, @TBeers.

 

If you run more than one company, you don’t have to purchase a new copy of QuickBooks to manage each company’s finances. You have the option to create multiple company files that are entirely separate from each other. It's only the subscription for payroll you have to consider because it is just limited to three companies to use payroll. 

 

To create a company file, here's how:

  1. Open QuickBooks.
  2. Go to the File menu on the top menu bar.
  3. Select New Company from the drop-down list, and click Express Start.
  4. Enter the new company’s name, address and contact information in the appropriate fields, and click Create Company.
  5. Repeat the process to set up other companies. 

To switch between companies, click File from the top menu and select Open Previous Company. Navigate to the company file that you want and click Open.

 

For more information, take a look at this article: Create QuickBooks Desktop Company file.

 

Feel free to post again in the Community if you have follow-up questions. I’ll be here to help. Take care and have a good one!

Fiat Lux - ASIA
Level 15

How many separate entities can you set up in 1 cloud hosted copy of QuickBooks Enterprise? All of the entities are related as it's a franchise of restaurants however they have separate EIN numbers and will therefore need separate financials.

@TBeers 

You may create and manage multi company files with a single license of QB Desktop.

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