Making transfer between two companies in the same file

How can you have two companies in the same file?  I don't think that's supported.

Thanks for reaching out Red, early this year I had 1 company with 1 property and now I register 2nd company and purchased property and paid from 1st company because 2nd company bank account was not ready

thank you for your time and advice

Sorry Red, I forgot to mention since owner is same for 2 companies so I set up an accounts by class in same 1 company file showing separate accounts of income and expenses

Welcome aboard to the Community, Vicky Rajani.

I can share some insights about transferring QBO data.

In QuickBooks Online (QBO), one company file is equal to one license or subscription. Therefore, you're only allowed to add one company file per subscription. If you have two companies, you'll want to add another subscription.

Check out this link to add another account for your second company: Purchase QuickBooks.

For more information about transferring QBO data to another QBO account, you can check out these articles: 

• Export Data out of QuickBooks Online​
• Common questions about importing data to QuickBooks Online

Please know that QuickBooks is always here if you need it in the future. I'd be glad to answer any additional questions should you have any. Have a great day!

Thanks for reaching out Charies

I am using desktop pro plus 2023 

Assuming you have two bank accounts so you can transfer the cash, I think you could record this like any other transfer between accounts, perhaps using a check if you wrote a check, or use a transfer transaction if you transferred the money electronically.

@Charies_M   RE: I can share some insights about transferring QBO data. In QuickBooks Online (QBO), one company file is equal to one license or subscription. Therefore, you're only allowed to add one company file per subscription. If you have two companies, you'll want to add another subscription.

Which might matter if the OP was using QB Online and asking about creating multiple companies there.  Neither of which is true, you'll find, if you read the OP's question.

Thanks Red for the advice 

yes I did set up 2 bank accounts in company 1, as A and B 

Remember I paid for property which is in company 2 from company 1 bank account A

is there anyway can I show transfer company 1 to company 2 and showing company 2 paid for their property?

RE: is there anyway can I show transfer company 1 to company 2 and showing company 2 paid for their property?

It seems like you'd do this by recording the payment in QuickBooks, a check from the bank account.

Yes I record a check payment from company 1 bank account A to vender of the property which is registered under company 2

Good Morning Red, 

so what you think? is there anyway can I show transfer company 1 to company 2 and showing company 2 paid for their property?