Can I create a copy of my company on-line and create a second company so I can run reports on the old file but keep on going on the second. I know I have to paying for 2.

Open a new blank QBO account

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

then utilize the trial version of this backup app. It has the Copy feature to duplicate the data between QBO accounts.

https:// rewindio.grsm.io/quickbooks