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A
aizami
December 14, 2021
Question

different nature business

  • December 14, 2021
  • 1 reply
  • 0 views

hi,

does QuickBooks allow us to record business transaction for two different types of nature business in one account?
Eg: let say one business named ABC Company, registered with nature business are kindergarten & coffee shop.

 

1 reply

Fiat Lux - ASIA
Fiat Lux - ASIA
December 14, 2021

One QBO account is for one company file. You can manage branches/divisions by utilizing the Class/Location feature available in QBO Plus. Otherwise you should open a new account.

https://quickbooks.grsm.io/Asia-Pacific

 

Another option, switch to QB Desktop to manage multi company files. 

A
aizamiAuthor
December 14, 2021

thank you

 

If I use Class/Location, meaning that every time I wanted to record sales / purchase transaction, I need to differentiate/classify the transaction using Class/Location is it?

So when generate report it will assign to specific Class/Location?

Fiat Lux - ASIA
Fiat Lux - ASIA
December 14, 2021
@aizami wrote:

If I use Class/Location, meaning that every time I wanted to record sales / purchase transaction, I need to differentiate/classify the transaction using Class/Location is it?

So when generate report it will assign to specific Class/Location?

 

Yes you're right. We do not recommend this option if you are not the only one with access to post transactions.

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