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Hi there, Frank. Let me share with you some information about deleting a business account in QuickBooks Online (QBO).
When you delete your current QBO account or file, you can extract your reports or data to Excel to save your old data.
You may also open these articles as your additional references:
If you have QuickBooks Desktop (QBDT), you can alternatively export and convert your QBO data to QBDT.
Please know that one business account is equivalent to one QBO subscription. Thus, you need to purchase or sign up two QBO accounts when setting up your two different businesses.
Once you're ready to delete your old business account, you can use this link as your reference: Delete your data and start over in QuickBooks Online.
To keep track of your QBO entries, check out the resources from here as your guides: Related resources for QBO. From there, select the topics you need from account management, banking, and others.
If you have any other questions regarding your account, let me know by adding a comment below. I'm always here to help. Have a good one!
You should open 2 new blank QBO accounts
then for the old account, consider to convert it to QB Desktop file format for your archive before canceling it.
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