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:
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Profit and Loss by Location
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Sales by Location Detail
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Sales by Location Summary
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Purchases by Location Detail
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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!
