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Level 1

Quickbooks Pro 2017

What I am trying to do is: I already have a brick and mortar business that I use QB 2017 and POS to record financial and sales. I want to start a website for the store that I keep separate through just QB 2017. I would like to print the sales and invoices through just QB, have a separate inventory, and not through POS as I do for the store. I guess what I need to know if it will keep the inventory in QB and the financial part separated or will it add it together with my store front? Will I have 2 tax forms to file, 2 schedule C's, 2 separate deposits,  etc? 

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Best answer January 29, 2019

Best Answers
Level 15

Quickbooks Pro 2017

It depends

 

If the web store is a separate business, then yes two separate company files, separate inventory, etc etc, and yes you file a schedule C for each

 

if the web store is an extension of the present store, will sell inventory from it, etc - then no it is the same company, so the same company file.

 

A web store reports on sale, tracks customers, etc etc there is no reason to duplicate that data in QB, just enter a summary sales transaction daily or weekly or ...

View solution in original post

1 Comment
Level 15

Quickbooks Pro 2017

It depends

 

If the web store is a separate business, then yes two separate company files, separate inventory, etc etc, and yes you file a schedule C for each

 

if the web store is an extension of the present store, will sell inventory from it, etc - then no it is the same company, so the same company file.

 

A web store reports on sale, tracks customers, etc etc there is no reason to duplicate that data in QB, just enter a summary sales transaction daily or weekly or ...

View solution in original post

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