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Level 1

How can I create another branch for my business on Quickbooks?

 
5 Comments
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QuickBooks Team

How can I create another branch for my business on Quickbooks?

Hi there, @7ribsres.

 

You'll want to sign up for a new QuickBooks Online (QBO) account to create another company file. One QBO subscription is equal to one company file.

 

Make sure to use the same login credentials when creating a new QBO subscription. This way, you'll have access to all your QBO company file under one login credentials.

 

I've also got you this article that can help you switch your QBO account without logging out: How do I switch companies?

 

I'm always here if you need more help with your QBO company file. 

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Level 1

How can I create another branch for my business on Quickbooks?

Thanks for your quick response!

 

Will I be able to generate overall P&L and balance sheet reports for the company (both accounts)? or each account separately?

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Level 1

How can I create another branch for my business on Quickbooks?

Thanks for your quick response!

 

Will I be able to generate overall P&L and balance sheet reports for the company (both accounts)? or each account separately?

Highlighted
QuickBooks Team

How can I create another branch for my business on Quickbooks?

Hi @7ribsres,

 

If you subscribed to two different QuickBooks Online (QBO) accounts, then a Profit & Loss will be generated separately. If you have two Tax IDs for each branch, you'll want to have two different accounts.

 

If you're only using one Tax ID for the two branches, you can have one QBO account and generate a single Profit and Loss report. Then, you can use the Class & Location tracking to combine or separate the reports.

 

For the Profit & Loss and Balance sheet, you can search them by going to the Reports menu in your QuickBooks Online.


Let me guide you on how to run reports here’s how:

  1. Go to the Reports menu from the left pane.
  2. Enter the report name in the search bar.
  3. Choose the report to open it.

 

For a reference, you can visit these articles here on how to manage reports and modify accounts in QuickBooks:
Run reports
Memorize reports
Create, access and modify memorized reports

 

Let me know if you have other questions about managing your QuickBooks account.

Level 6

How can I create another branch for my business on Quickbooks?

If the branch has the same tax ID with the main office, utlize the CLASS feature. Otherwise, you have to open a new QBO account.

https://quickbooks.grsm.io/US

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

 

Then consider using a consolidating app. There are a few solutions in the market

https://www.joiin.co/

 

Hope it helps.

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