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Level 1

New company under existing client

I'm a bookkeeper helping a small business organize their books with QBO.  They want to create a separate company under their existing client profile.  Is that possible?  I've searched through the Help section and discussion board but couldn't find an answer.
Everything I see suggests I need to create a whole new QBO client, with subscription.

2 Comments
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QuickBooks Team

New company under existing client

Greetings, jaylinb.


Glad you joined us here in the QuickBooks Community. I’d like to address your concern about creating a company out of the client’s existing subscription.


The option to create another company under an existing subscription is not available. You’d need to purchase a different subscription to add another company in QuickBooks Online.


You can check out this article on how to create a new company or multiple companies in QBO: https://community.intuit.com/articles/1145150.


Should you need any assistance with QuickBooks, let me know. I’ll be here to keep helping. Enjoy your day!

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Anonymous
Not applicable

New company under existing client

Hey @jaylinb

 

Thanks for posting on the community. Are they trying to track accounts for a related business or a totally separate llc?

 

If your client is using QBO, they can only have one company per subscription. I've heard of some users creating "classes" to separate expenses/income/asset accounts for the different entities this way, but I'd recommend against it. This type of tracking gets very complicated, messy, and can't utilize the built-in tax/1099 features. 

As their bookeeper, you can get them a big discount if you buy their QBO subscriptions in bulk. You might want to check out the 5 for $5 program. Hope this helps!

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