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julio-jpnphealth
October 16, 2024
Question

I'm looking to itemize transactions from two separate LLCs in one quick books self employed account. Can I do this? If so, how?

  • October 16, 2024
  • 1 reply
  • 0 views
Hi all, I'm looking to separate transactions from two separate LLCs in this single self-employed account. In order to keep transactions and taxes for income and expenses; how would I do this? Is it as simple as just tagging the specified transactions for the specific LLCs businesses?

1 reply

Nicole_N
Nicole_N
October 16, 2024

Hello, Julio.

 

Thank you for reaching out with your question. I see that managing finances for multiple LLCs can be challenging, and I'm here to share information on how QuickBooks Self-Employed (QBSE) can support your needs.

 

QBSE is designed for individuals with a single business. Thus, tracking transactions for multiple businesses within one QuickBooks account isn't possible. To keep your transactions and reports accurate and compliant with tax regulations, you'll need to maintain a separate QuickBooks Self-Employed accounts for each LLC.

 

For a deeper understanding of how QBSE works, you can check out this article: Overview of QuickBooks Self-Employed


Furthermore, other QuickBooks products might better suit managing multiple businesses. I recommend looking at this comparison guide to find the best fit to your needs:  Compare QuickBooks products. 

 

Please let me know if there’s anything else you need to know about managing your QuickBooks accounts, Julio. Simply leave a comment below and I'll be happy to assist you further.

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