cancel
Showing results for 
Search instead for 
Did you mean: 
nickyd29
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
Rustler
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

nickyd29
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
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up