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Corki
Level 3

Keeping separate company files for sole prop & 1099?

I have a Sole Prop and do 1099 work, and have always kept separate company files in QB Desktop, and separate bank accounts and credit cards etc.  I'm thinking of migrating everything to QB Online. Could I merge the company files into one, or is it better business practice to just continue to keep them separate?

 

TIA!

3 Comments 3
Rustler
Level 15

Keeping separate company files for sole prop & 1099?

They should remain separate unless the contractor work you do is part of the sole proprietor business.  There is no merge utility in desktop

 

Online is not desktop by any stretch of the imagination, and even with desktop going to subscription based if you buy a new version, it is still cheaper.  Look before you leap.

Corki
Level 3

Keeping separate company files for sole prop & 1099?

Thanks for your input.  What would I be giving up going from Desktop Pro to Online?

 

ps I am a desktop fan, but due to some bank feed issues that support can't help with (8 months of trying) looks like I need to start fresh with new books. I was thinking online could streamline and simplify things.

 

Rustler
Level 15

Keeping separate company files for sole prop & 1099?



@Corki wrote:

I was thinking online could streamline and simplify things.

 

ROFL in some respects it does, there are fewer functions. 

 



 


 

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