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Simón Fernández
Level 1

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Dear all,

 

Currently I am using the version "QBO Plus" where the shareholders of the company (Firm A) where I work, besides me, have acces to the software.

 

Nevertheles, we are opening a new business division located in another country.  (Firm B)

 

Which version would you recommend me, if we are aimed at the following?

1) To have two companies with differents P&L (Firm A & Firm B)

2) To have one Holding with the consolidated P&L of both companies (Holding)

 

PS. Is there the possibility to give special access to some members? E.G, Manager of the firm B should have access only to the firm b, instead of the CEO of the holding who will have access to both? 

 

BR

 

Simón

8 Comments 8
Mark_R
Moderator

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Congratulations on your new business, @Simón Fernández.

 

Allow me to fill you in on everything you need to know about QuickBooks Online (QBO) subscription.

 

You can only manage one company file under a single subscription with QBO. Thus, having two different company files on the same subscription isn't available. You'll want to sign up for another QBO account for your new business. Once you're ready, check out our QuickBooks Online plans and pricing page to give you other details. 

 

On the other hand, you can add a user to each of your QBO accounts to manage your firms.

 

In addition, you might be interested in switching to QuickBooks Desktop since your business is getting bigger. This software allows you to manage multiple companies on one subscription.

 

Please let me know if you need clarification about this, or if there's anything else I can do for you. I'll be standing by for your response, @Simón Fernández.

Fiat Lux - ASIA
Level 15

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@Simón Fernández wrote:

Nevertheles, we are opening a new business division located in another country.  (Firm B)

 

@Simón Fernández 

In which country is Firm B located?

Simón Fernández
Level 1

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Firm A is located in Chile

Firm B is located in Colombia

Fiat Lux - ASIA
Level 15

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You can use QBO Global version for Chile and QBO Global version for Colombia

https://quickbooks.grsm.io/South-America

 

Each QBO account will run separately and you can invite different users with different access levels for each QBO account. When you need to consolidate reports, you can utilize a BI app

https://go.zoho.com/M5c

 

Simón Fernández
Level 1

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Hello Mark,

 

Thanks for the clarification. I tried to add a new company to my current profile and apparently it worked.

 

Do you know if I am correct? I don't want to make any step forward before asking you.

 

Thanks

 

 

Simón Fernández
Level 1

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Thanks FIAT Lux

 

Would you recommend de the Cloud or the local version?

Fiat Lux - ASIA
Level 15

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Are you asking about the BI app? If you don't have any local data source, the cloud version is better.

Simón Fernández
Level 1

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Yes exactly. I was asking about the BI app. 

 

Thanks. I will try to use it and come back.

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