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D
DROJR2
November 26, 2024
Question

Combining QB Online Subscriptions

  • November 26, 2024
  • 1 reply
  • 0 views

I have a client who owns three franchises under one TIN/EIN #.  She set them up with separate QBO subscriptions but would like to combine them for accounting and tax consolidation and just report out "location" specific" P&L's and Balance Sheets.  Is this possible without losing history from one of the franchises?  If so, what method would need to be utilized.

1 reply

C
Chrea
November 26, 2024

Do they only need to consolidate reports or need to merge all those accounts into a new QBO account?

D
DROJR2Author
November 26, 2024

They were just consolidating reports at yearend for tax preparation.  But that is very expensive to have their accountant do that and pay for three separate online subscriptions.  They are inquiring if it would be more efficient to have one subscription and use location management attached to a bank account to keep up with the separate franchise information. 

C
Chrea
November 26, 2024

They can use a BI app to consolidated reports from multi QBO accounts.

https://go.zoho.com/M5c

 

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