I have multiple companies. What is the most cost effective option rather than paying $40 Per month per company for Quickbooks online?

Hello there, colin13. I would like to help you with this.

Every version in QuickBooks Online has its own level of pricing. We can have different plans for our multiple companies.
 

If you want to downgrade or upgrade your subscription, we have other plans that you can check by going to this link: https://quickbooks.intuit.com/pricing/. Once you've decided converting to another plan, you can check these articles:

• Downgrade your QuickBooks Online plan.
• Upgrade your QuickBooks Online subscription.

I'm always around to help in case you need one. Take care!

@colin13 

The most cost effective option is migrating to QB Desktop and deploy a private cloud solution. You may purchase the one-time license thru a partner to get less price.

Should you prefer using QB Online, you will need some efforts to minimize your cost. Utilize this 3rd party tool to migrate your data between QBO accounts.

https://transactionpro.grsm.io/qbo

 Use promo code 20PERCENTOFF at checkout, valid until April 30th, 2020.

Once you are ready to proceed, open a new QBO account with discounted price for up to 6 months.

https://quickbooks.grsm.io/US

https://quickbooks.grsm.io/us-promo 

If you are able to run this process once, you may repeat it for every semester to minimize your cost.

I have the same question how do i use quickbooks if i have multiple companies and not pay the high fees, can i have one subscription for all 6 of my companies i manage?

What is the best and cheapest solution? i currently use Wave accounting for free and it works very good, but I would like to use quickbooks

@MB416 

Do you need to run any add-ons? e.g QB Payroll, QB Payment

Thank you for your interest in QuickBooks, MB416. I'm here to provide details about your multiple company concern in QuickBooks Online (QBO). 

Take note that QBO requires separate subscriptions for each company. That said, if your companies are distinct businesses with different EINs, your only option is to purchase individual subscriptions. While this can be cost-prohibitive, it ensures each company's financials are kept distinct and in compliance with accounting standards. You can refer to this article to choose a plan: Plans for every kind of business. 

On the other hand, if your companies operate under a Doing Business As (DBA) structure or are different branches of the same entity, you can consider utilizing the location tracking feature in QBO. This feature allows you to categorize data from various locations, offices, regions, outlets, or departments within the same company. Please note that location tracking is only available in QBO Plus and Advanced subscriptions. For more details, please refer to this article: Set up and use location tracking in QuickBooks Online. 

Additionally, to help you begin your QuickBooks journey, you can refer to this article: Get started and adjust settings after you sign up for QuickBooks Online. 

Let us know if you have other concerns with your subscription in QBO. We're here to help you in any way we can.