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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Can you make multiple brands / types of business in quickbooks? I know you can have locations. So maybe that would do. Lets say we have a shop, and an online business, and a hotel. And the accounts should be totally separate. I am fuzzy on the technical terms, but I think I mean separate balance sheets, accounts, P&L, people, salary... everything really. They are not only locations, but different types. Would also have different tax requirements, e.g. VAT or no VAT.

And also people would have different access, And the invoices would be different of course.

14 Comments
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Level 4

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Quickbooks desktop is ideal for this you can have as many companies as you wish.

Qb Desktop Uk can be easily reconfigured to meet nearly all types of vat regime's due to its ability to reconfigure the codes and create new. It has much more reporting options as well.

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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Hi. How can you use desktop in different locations? It stores data online?
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Level 4

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

QB desktop stores data on your own Server or PC not online. you can easily rdp to it from any internet connected device.or use remote access software.
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Moderator

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Hello there, dave,

 

Based on the descriptions you provided, it's best to have separate QuickBooks Online account for each business. Yes, we do have location tracking, however, it won't cover the things you want to do.

 

Different subscriptions will also mean you have to pay for multiple accounts.

 

Also, QuickBooks Desktop can handle different types of business as what  Graceman mentioned. However, if you need to use VAT, it won't cover International. QBDT is only available for United States, United Kingdom, and Canada.

 

Please let me know if you have additional questions regarding this.

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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Hi and thanks. Is that because you can’t separate the accounts between locations?
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Moderator

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

You're welcome, Dave.

Yes, you can't separate the accounts per location. Also you mentioned about different tax requirements.
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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Hi Mary, 

Is it possible to have multiple PnLs in QuickBooks for different products. 

We would like to make multiple PnLs for our three different products, with their revenue and their costs so we can easily track profitability of each product?

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QuickBooks Team

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Allow me to take over and provide some insights about the Profit and Loss (P&L) report in QuickBooks, tomis.

 

The P&L report is one of the most used reports  that allows you to compare the current financial data to another from different periods.

 

To get a report for your products, you need to pull up different sales reports to get the data you need. I've outlined them below so you know which report to open:

  • Sales by Product/Service Summary: Your total sales for each product and service.
  • Sales by Product/Service Detail: Your sale transactions by product or service.
  • Inventory Valuation Summary: The quantity on hand, value, and the average cost for each product.
  • Inventory Valuation Detail: Your transactions for each inventory item, and how they affect quantity on hand, value, and cost.

To run those reports:

  1. Go to Reports from the left menu.
  2. Proceed to the Standard tab.
  3. Open each statement I've mentioned above.

You can also refer to these articles for additional information:

Feel free to comment below if you need anything else about tracking your products in QuickBooks. I'm always right here to help you.

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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

I have actually seen a post that said to compare Sales by product and Purchases by Product/Service Detail. 

But I cannot se "Purchases by Product/Service Detail" in Reports and also, I cannot see Inventory Valuation Summary in "Reports".

Can you help please.

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QuickBooks Team

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

I'd be glad to walk you through how to see the Purchases by Product/Service Detail report and Inventory Valuation Summary report in QuickBooks Online. 

 

Here's how: 

  1. Sign in to your QuickBooks Online account.
  2. At the left panel, choose the Reports menu.
  3. In the Find report by name field, search for the two reports. 
  4. Select Customise if you want to change the dates or add filters to the report. 
  5. Once done, click Run report.

For additional information on how to personalize your report, feel free to check out this article: Customise reports in QuickBooks Online.

 

If the report still isn't available, the possible reason for this is the product that you're using. The two reports are available for QuickBooks Online Plus and Advance. Also, make sure that you have the user access to open these reports in QuickBooks Online.

 

I've also added this resource that can guide you on how to save your current customization: Memorise report in QuickBooks Online.

 

As always, I'm available for any help you may need with the reports. You can get back to me by posting your response down below. Have a great day ahead. 

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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

I have upgraded my free trial to Plus and I still cannot see the option Purchases by Product/Service Detail. 

 

Also. We are mid-sized company interested in switching our whole finance department on QuickBooks but we would like to have live demo with someone from your team. Can we organize that kind of meeting?

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QuickBooks Team

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

It’s good to hear that you’re interested in QuickBooks, @tomis.


I’m here to help fix your concern with the report and guide you every step of the way.


A cache speeds up retrieval of web page resources and decreases page load times. However, it can slow things down if it gets too big and leads to unusual behavior that affects system functionalities. This might be the reason why you’re unable to see the Purchases by Product/Service Detail report in QuickBooks.


 We can perform some steps here to get this resolved. You can start accessing your QuickBooks Online account in a private/incognito browser. Feel free to use these shortcut keys for quick navigation:

 

  • Google Chrome: Ctrl + Shift + N
  • Safari 11 or newer: + Shift + N
  • Mozilla Firefox: Ctrl + Shift + P
  • Microsoft Edge: Ctrl + Shift + P

Once you're in, check the report. If it's working fine, we'll have to go back to your regular browser and clear the cache to start a clean slate. You can also use other supported browsers as an alternative.

 

I've attached a screenshot for you visual reference:
Capture.PNG

 

Check out these articles to learn more about our reports and how to customise them. 


Regarding your request for a live demonstration, you can contact our Customer Care team. They’re the ones who can initiate a screen sharing session to guide you personally with each process. Please know that our supports are most available during weekdays starting 6:00 AM until 6:00 PM PT. Also, include Saturday at 6:00 AM but only ends at 3:00 PM.


Here are the steps to reach out to them:

 

  1. Go to the Help (?) menu.
  2. Select Contact Us.
  3. Enter any concern in the field.
  4. Press Let’s talk.
  5. Choose to Get a call.
    contact support QBO.PNG


QuickBooks offers training resources such as help articles, Q & A, and business discussion that can help you manage the account efficiently. We also have several links available for you to get started with QBO. It will walk you through to step-by-step process.


If you need further assistance help with reports or anything associated with QuickBooks, just let me know. I’ll be here to help you anytime.

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Level 1

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

Hi Madelyn, thank you for your time. 

After clearing cache, trying in incognito browser and on completely other browser I still cannot se "Purchases by Product/Services Detail"

Also, I cannot choose the option "Get a call" - I simply cannot see it. 

My company ID from Account and Settings > Billing & Subscription is [removed]can you please check what is the problem? We are a company from EU. Hope that doesn't make difference. 

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QuickBooks Team

Can you make multiple brands / types of business in quickbooks with totally separate accounts? Different P&L, tax, accounts, everything. Only the same owners.

 

Thank you for following up with us, @tomis.

 

The Purchases by Product/Service Detail report is available on the other regions of QuickBooks including the area (EU) you're currently in. I'll be stepping in for a moment and share with you the other possible reasons why you aren't able to see the report on your account.

 

First is the user's access. Make sure to open QuickBooks as a master or company administrator and is not restricted to open the report. Second, I recommend double-checking the QuickBooks version you had. This way, we can ensure that your current plan is either QuickBooks Plus and Advanced.

 

Here's how:

 

  1. Go to the Gear icon, then select Account and Settings.
  2. Click on Billing & Subscription, then make that you're subscribed to QuickBooks Online Plus.

If the report is still missing, you can open QuickBooks using other supported browsers to help us narrow down the cause of this behaviour.

 

On the other hand, you may follow these steps so you can connect with our live support and have the Get a call or Get a callback option.

 

  1. Open your QBO account, then go to the (?) Help icon.
  2. Choose the Talk to a human option (then type it again when prompted).
  3. When asked by the bot, type "type in a short description of your concern".
  4. Select I still need a human.
  5. Proceed with Contact us.
  6. Click Let’s talk, then choose either Get a callback.

Moreover, here's an article you can read more about running and customising reports in QBO.

 

Please feel free to post again if you have any other QuickBooks questions. I'm a few clicks away to help. Have a good day!