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ClaireF1
September 19, 2022
Question

setting up multiple companies

  • September 19, 2022
  • 1 reply
  • 0 views

I would like to split our current company into two separate company files - one for our construction division and one for our service division (we have been told that we are too big to utilize our current desktop version). Is this something that is possible? I know I can run financials from multiple companies so it sounded to me like this is something that is possible.  Just not sure how to treat vendors that are owed from both companies etc as an example.

1 reply

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Trish_T
September 19, 2022

HI ClaireF1, 

 

It's a pleasure to see you in Community.  Welcome!  QuickBooks Desktop is a powerful program that enables you to complete your daily tasks with peace of mind.  I'd be happy to provide more information so you're able to accomplish your QuickBooks goals and get back to what you love!

 

With QuickBooks Desktop, you can set up and use class tracking that lets you track by department, business office or location and other areas of your business.  You can learn more about this feature here.  I recommend contacting us so we can review your current account and ensure you're able to accomplish your QuickBooks goals as soon as possible.

 

Feel free to get back to us here, if other questions come to mind.  We'd love to help!

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ClaireF1Author
September 19, 2022

Thank you for your response.  We currently use classes, but that is not the issue.  We are too big for QB's so I am looking into other possibilities to still utilize this system with our dispatching program.  My question is; I would like to create two new company files - one for construction and one for service. Is that possible?  I see you are able to merge financial statements from two different companies, so that leads me to believe this possible. Are you telling me that is not the case?

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Alex M
September 19, 2022

Hi there ClaireF1,

 

You can have multiple company files to keep track of different companies. You can create one for your second business by following the steps in this guide.

 

If you have any other questions, feel free to reach out here.

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