Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.
Christine-Miller
Active Member

Can I split my current company into multiple companies?

 
2 Comments 2
SIAB
Level 7

Can I split my current company into multiple companies?

How do you currently separate data between companies in your QBO account? Are you using Class or else?

Jessavell_A
QuickBooks Team

Can I split my current company into multiple companies?

You can manage your finances for multiple companies using QuickBooks Online (QBO), but each company requires its own separate, paid subscription, Christine.

 

As of now, QBO doesn't have a built-in function to automatically "split" an existing company file into multiple distinct files. Each QBO account is designated for one company file or business only. This helps to keep track of taxes and forms for each business.

 

I’m including this link to help you learn more about managing multiple company files in QBO: Create or add another company file to QuickBooks Online.

 

If your multiple business segments operate under a single legal entity and don't require separate tax filings, you can use the Class or Location feature available in QBO Plus and Advanced. This approach allows you to effectively separate and report on financial activity for each segment without incurring the cost and administrative complexity of maintaining entirely separate QuickBooks company files and subscriptions.

 

Please let us know if you have any further questions.

Need QuickBooks guidance?
Log in to access expert advice and community support instantly.

Need to get in touch?

Contact us