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Romani
Level 1

Multi company in one subscription.

Hey Intuit community, I have client from Canada he is running multi-business and want accounting and bookkeeping services for all. Actually, he want to run all these businesses in one subscription. Is it possible? If yes then please let meknow procedures. All these businesses are different by nature but he want to consolidate all of them in one platform. Thank you!

2 Comments 2
Fiat Lux - ASIA
Level 15

Multi company in one subscription.

One QBO account is for one company file. They may manage branches/divisions by utilizing the Class/Location feature available in QBO Plus for a Canadian company. Otherwise they should open a new account or pick QB Desktop.

https://quickbooks.grsm.io/Canada

 

For yourself, you should open a QBO Accountant CA account to support them.

Angelyn_T
QuickBooks Team

Multi company in one subscription.

Hi Romani.

 

I appreciate you for reaching out to us here on the Community page. It's my pleasure to share with you some information about how QuickBooks Online (QBO) works with company files and accounts.

 

Usually, each business entity must have one company file or account in QuickBooks Online for tax reporting purposes. It's not ideal to put them into one since each company or LLC will have its own tax ID. Combining them may cause mixed transactions or taxes when reporting to the IRS.

 

Moreover, an LLC must send its own 1099NEC and a single file can only have 1 EIN.

 

If your reporting taxes to one entity for these four LLCs, you can use one account for them and set up classes for each LLC. Please know that this feature is only available for QuickBooks Online Plus and Advanced users. You may connect with a professional accountant to help manage your account accordingly.

 

For additional hints while working with QBO, you can also open the topics from this article: Find help articles for QuickBooks Online.

 

If you have other questions about how to handle your company with QBO, please click the Reply button below. I'll be right here to provide additional assistance. Keep safe!

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