If i have two locations can i separate my stores on quickbooks or do i need to create a separate email and account?

Yes, smoothieq21. You can separate your restaurants into one QuickBooks Online (QBO) account. Thus, you don't need to create another company or different email information to track them effectively.

QBO allows you to set up and manage multiple locations or branches within a single account. This enables you to track the financial data for each site separately while still having all the information within one account.

To achieve that, you’ll want to set up and use location tracking. Location tracking can categorize data from different offices, regions, outlets, or departments of the same company. Refer to the steps below to enable it:

1. Click the Gear icon.
2. Select Account and settings, then go to Advanced.
3. In the Categories section, select the Pencil icon.
4. Select the Track locations checkbox.
5. Press Save, then hit Done.
   

Once done, you can start adding your locations. Please ensure to select the specific site when making transactions to ensure the program provides accurate data in financial reports.

Statements allow you to summarize the income and expenses for each location to see which areas in your business are operating sufficiently. To review and access it, go to the Reports menu and find Profit and Loss by Location.

In case you want to print, export, or keep the same report settings for future use, these resources will guide you through the process:

• Run reports in QBO
• Memorize reports in QBO

You can post more comments anytime if you need further assistance operating your locations or business. I’ll be always ready to help. Have a good day, smoothieq21.

@smoothieq21-gmai 

You can use the Location feature available in QBO Plus and Advanced. Another option, use QB Desktop Pro to manage multi company files with a single license.

This is good to know and i'm sure location tracking works well to separate the income and expenses. My question relates to downloading bank transactions. I have multiple locations, each with its own bank account, is QBO intuitive enough to download bank transactions into a specific location based on what bank account is being downloaded or do you have to manually select the location for each individual transaction once downloaded into the Bank Transactions Review page? 

It's a pleasure to have you here in the Community, @JimBro!

We understand that organizing your bank transactions can be time-consuming, so we appreciate your input about downloading them to specific locations based on the bank account. However, this feature is currently unavailable in QuickBooks Online (QBO).

To help improve your experience with QBO, your valuable feedback goes directly to our product development team for review and consideration. 

Here's how to send it:

1. Go to the Gear icon and choose Feedback.
2. Enter your comments or suggestions.
3. Click Next to submit.

In QBO, you can use bank rules to categorize your bank transactions automatically. For more info, feel free to visit this article: Set up bank rules to categorize online banking transactions in QuickBooks Online.

Please let us know if you have any other concerns related to bank transactions. We're always here to help.

Is there a way to have all bank feed transactions for a particular bank account get populated with the same Location? 

Same question for a particular credit card?  How do bank feed or credit card feed transactions get the Location field populated? 

Welcome to the Community space, Amboornaz, Let me share insights about the location field in your bank feeds.

QuickBooks Online (QBO) doesn't automatically populate the location field in the bank and credit card feed since it relies on the data provided by banks and credit card companies, which usually don't provide this information. You should set up location tracking in QBO to have the location field.

It's noteworthy that, location tracking is only available for QBO Plus and Advanced subscriptions. If you're currently not on these versions, you may want to consider upgrading your QBO version to utilize this feature.

When you're ready, here are the steps below to enable it:

1. Click the Gear icon.
2. Select Account and settings, then go to Advanced.
3. In the Categories section, select the Pencil icon.
4. Select the Track locations checkbox.
5. Press Save, then hit Done.

After completing this step, you can begin adding your locations. Ensure you select the appropriate site when entering transactions to ensure the program generates accurate data in your financial reports.

Additionally, you can set up bank rules to automatically categorize your bank transactions. For more details, please refer to this article: Set up bank rules to categorize online banking transactions in QBO.

Please let us know if you have any other concerns related to bank transactions. We're always here to help.