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Native4801
July 21, 2020
Question

Setting up a new company versus using a class

  • July 21, 2020
  • 1 reply
  • 0 views

We are starting a new line of business. The business setup is different than our current company Quickbooks setup. The manager of the new line of business has been using Quickbooks for his former business and it has all the templates items etc needed for the new line of business. Does it make sense to export his company file to a into our Quickbooks using a new company rather our existing company to allow for a clean setup of the templates. Or can this be done efficiently just exporting files into our current company. Can we setup a new company int Quickbooks even though its just another line of business

1 reply

PatriciaT
PatriciaT
July 21, 2020

Hi Native4801

 

Thanks for joining us! It's great you're using QuickBooks Desktop to manage your books. It's important to make the right decision for your business as it grows. I'll be happy to assist you with this.

 

QuickBooks Desktop offers the possibility to save multiple company files. There are several scenarios in which one can choose to create a new file. It could be due to your QuickBooks version approaching its limit, a new company needing a separate tax tracking system, or preferring to have several divisions instead of one large file. To help you decide if you should create a new company file for your new line of business, I recommend going through this useful article: When to start a new company file to replace my old file

 

I also encourage you to talk to your accountant to determine the best way to handle your books. 

 

Here's an article to guide you through the process of creating a new file if you decide to go that way: Create a QuickBooks Desktop company file

 

For any further assistance, don't hesitate to reach out to our tech support team. Here's how to get in touch.

 

Dial 1-877-772-9158. You can learn more about support hours and policies here: Intuit QuickBooks Desktop software support policies

 

Have a great day!

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