QuickBooks online - two entities each under separate companies

Marinska · ‎April 27, 2023

I have two companies for example ABC and 123. I was not involved in the initial set up. However, with the help of QuickBooks support I linked the two different bank accounts, the financial reports for each of the two companies are combines in one report together under the ABC company. I need to provide individual reports for each company ie. Balance sheets, profit and loss.

Previously I used QuickBooks Desktop and the companies I set as two separate entities which generated individual reports.

Several discussions have occurred with QuickBooks online support however my situation is not resolved.

I would appreciate any ideas.

JamesM4 · ‎April 27, 2023

Hello Marinska,

It's good to have you communicate with us here in the Community. I'll be happy to help share more info so you're on the right track with achieving your goals in QuickBooks.

By consolidating two accounts into one, this means that the reporting of the company will also be combined. I can see the benefit of being able to sperate the reporting as you've described above, however, that option isn't available. I encourage you to send feedback about this to our engineers. You can send feedback by clicking on the Gear icon and looking for Feedback. Have you been using classes to classify/separate the transactions from company ABC and 123?

Feel free to get back to me in the comments below. I'm here to help.