cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Have a question you would like to ask our community of experts and fellow QuickBooks Accountants and SMB's? Post a question here
aizami
Level 1

different nature business

hi,

does QuickBooks allow us to record business transaction for two different types of nature business in one account?
Eg: let say one business named ABC Company, registered with nature business are kindergarten & coffee shop.

 

5 Comments 5
Fiat Lux - ASIA
Level 15

different nature business

One QBO account is for one company file. You can manage branches/divisions by utilizing the Class/Location feature available in QBO Plus. Otherwise you should open a new account.

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

 

Another option, switch to QB Desktop to manage multi company files. 

aizami
Level 1

different nature business

thank you

 

If I use Class/Location, meaning that every time I wanted to record sales / purchase transaction, I need to differentiate/classify the transaction using Class/Location is it?

So when generate report it will assign to specific Class/Location?

Fiat Lux - ASIA
Level 15

different nature business


@aizami wrote:

If I use Class/Location, meaning that every time I wanted to record sales / purchase transaction, I need to differentiate/classify the transaction using Class/Location is it?

So when generate report it will assign to specific Class/Location?


 

Yes you're right. We do not recommend this option if you are not the only one with access to post transactions.

aizami
Level 1

different nature business

why?

sorry..i'm totally new with QB..

can you share the pros n cons?

Fiat Lux - ASIA
Level 15

different nature business

Human error put the transaction to which class/location. If your team is unfamiliar with QB, consider letting them prepare your data in XLS for the time being and only one of you has access to bulk import the data into QB Online. Once they are familiar with the process, grant them access to QBO if required.