How can I manage multiple accounting needs for professional couple?
Need help determining which version of QB will allow me to account for ALL of the following:
- Married, professional couple ("A" and "B") have a professional/medical consulting "private practice." Each is a sole proprietor.
- "A": records income from selling services of an unrelated subcontractor professional clinician; records practice expenses including rent and Payroll (one Employee - office manager); "A" files T2125 re Business income:
- "B": records income from (i) part-time Employment (T4) income and (ii) consulting income from private practice; files T2125 re Professional income
- "A + B", as a couple, also want to account for personal finances (combined net income, shared/personal expenses, joint assets, joint liabilities, net worth)
Do I need 3 "companies" to accomplish this? If so, is there a way to efficiently integrate/share data among them? TIA