cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Can I have two separate businesses under one quickbooks online accounts . My client have a skin care and a rental property and would like them under same account.

 
2 Comments
Highlighted
Level 15

Can I have two separate businesses under one quickbooks online accounts . My client have a skin care and a rental property and would like them under same account.

one company = one account

IRS Pub 583, Page 5 - must keep separate books per company

and for sole proprietors
IRS Pub 334, page 40 - "If you have more than one business, you must figure your net profit or loss for each business on a separate Schedule C."
IRS Pub 334, page 45 - separate schedule C for each business

Highlighted
Level 1

Can I have two separate businesses under one quickbooks online accounts . My client have a skin care and a rental property and would like them under same account.

Thanks very much

Need to get in touch?

Contact us