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sohail_khanhvn
Level 1

Dear Sir, We are going to open new company branches in other emirates of UAE. Kindly advise, how we can operate the separate accounts for each branch? Like income, exp

 
3 Comments 3
JamesDuanT
Moderator

Dear Sir, We are going to open new company branches in other emirates of UAE. Kindly advise, how we can operate the separate accounts for each branch? Like income, exp

Let me share how we handle company branches, sohail_khanhvn.

 

In QuickBooks Online,we can use the Location Tracking feature to set up company branches. This feature is only available in QuickBooks Online Plus. You might need to upgrade your subscription if necessary.

 

To know more about the Location Tracking feature, you can browse this link: Set up and use location tracking.

 

Meanwhile, turning on the feature will also provide you another set of reports that you can use. Here are the reports that will be added:

  • Profit and Loss by Location

  • Sales by Location Detail

  • Sales by Location Summary

  • Purchases by Location Detail

  • Location List

Here's a link for reference: Reports included in your QuickBooks Online subscription.

You can always customise these reports if you want to.

 

Hence, you can use the same accounts for all company branches. You just need to make sure you assign locations on the transactions.

 

Aside from that, you can also manage the company branches by create sub-accounts. Here are links for reference: 

Though that is how we handle company branches in QuickBooks Online, we still recommend reaching out to your accountant. They know what's best for you and your books.

 

We'll be right here if you need more help in managing these locations or branches. Have a great day!

1231 4604 6432 044
Level 1

Dear Sir, We are going to open new company branches in other emirates of UAE. Kindly advise, how we can operate the separate accounts for each branch? Like income, exp

how to upgrade our subscription

Fiat Lux - ASIA
Level 15

Dear Sir, We are going to open new company branches in other emirates of UAE. Kindly advise, how we can operate the separate accounts for each branch? Like income, exp

@1231 4604 6432 044 

Login as Primary Admin and navigate to the Billing and Subscription menu. Keep in mind, the discounted rate won't be applicable when upgrading/downgrading your plan.

https://quickbooks.grsm.io/Asia-Pacific

https://quickbooks.grsm.io/EU