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lcarr00
August 16, 2019
Question

Tracking Receipts with Multiple LLCs / sets of books

  • August 16, 2019
  • 1 reply
  • 0 views

I manage multiple rental properties, many of which are in different LLCs.  I use one credit card for all purchases.  I put every receipt in a spreadsheet with three fields 1) Which LLC  2) Which Property 3) Category.  My bookkeeper then manually enters that into Quickbooks Desktop (but she's open to using online or a different version.  I've tried to use an app like Expensify, but it doesn't work for multiple LLCs.  It assumes all transactions are on the same set of books.  How can I easily scan the receipt and populate the 3 fields AND have these import into the correct books without manual and duplicative data entry or uploading a CSV file for each and every LLC/set of books? Thank you!

1 reply

M
MirriamM
August 16, 2019

Hi there, lcarr00,

 

Thanks for posting your question in the Community. I'd be happy to answer your post.


In QuickBooks Online, 1 LLC company is equivalent to 1 QuickBooks account. With this being said, you'll need to create another account for your other LLC company. But you'll have to import your data manually. In this process, I'd recommend contacting your accountant for assistance.

 

As always, you can visit our Community page for some tips and tricks in using QuickBooks accounting and bookkeeping features:

If there’s anything else I can do for you concerning your QuickBooks account, don’t hesitate to reach out again. I’d be glad to help.

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