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sean-vidaasana-c
Level 1

I have two companies with the same name, under the same subscription. I started the new company to get the COA straight. Will i have to pay for both companies even

though i would only be using one account.
1 Comment 1
ShangY
QuickBooks Team

I have two companies with the same name, under the same subscription. I started the new company to get the COA straight. Will i have to pay for both companies even

Hello, Sean. I'll provide information about having two companies with the same subscription in QuickBooks Online (QBO). 

Yes, you'll need to pay for both companies even if they are under the same name with the same subscription. If the other company is still under free trial and you don't use it, you can cancel it before the free trial ends so you won't be billed the next month. Please know that if you cancel within the 30-day trial, you can still access your company until the next billing date. After that you only have a read-only access for a year.

To cancel, you can follow the steps below:
 

  1. Sign in to the company you're not using.
  2. Click the Gear icon and choose Subscriptions and billing.
  3. In your QuickBooks plan section, choose Cancel.
  4. Follow the on-screen steps. 
     

Additionally, you can check this article if you wish to update your billing information, billing schedule, or payment method in QuickBooks; Manage billing, payment, and subscription info in QuickBooks Online.

Please know that you're always welcome to join the thread if you have questions or concerns about managing your QBO subscriptions. Our team is always available to help. Have a good one.