Quickbooks Online: How to Manage Multiple Businesses within one Subscription

One of the major frustrations associated with Quickbooks Online is the inability to handle multiple businesses. Technically, you would need separate subscriptions for each business. This can be very frustrating for those of us with multiple businesses....all of which do similar things. I've come up with a workaround using QBO "Location Tracking"....check it out here!

[trinitytab]

This is a HUGE help, I was about to cancel my QB and find some other solution. Thank You Thank You

[englingo]

Thank you so much. I have two businesses, and you solve my problems of wanting to group the expenses into its group without purchasing another program.

[sashsunday]

This is super helpful, is there a way to batch add the locations and classes to all existing transactions before I start a second location? Or import one? Also, adding the location or class to an old invoice updates the customer maybe? That seems unecessary if it no changes to dollar amounts are being made, is there a way to just get groups of existing transactions classed and located in a batch?

[rudra]

Hello,
This was super helpful.
Would like to know if this works for a parent company which is having a foreign subsidiary company?
Thanks.

[ericjosovitz]

I would personally advise to have them switched primarily if you have a vendor bill that breaks out the line item by property. You will then be able to select "Rental" as the business and identify each property charges by line item.

[TiffanyAnnan]

This has been a super helpful video. Question.. How do you give a "location" to wage and taxes in employee payroll? I have one employee that is a personal assistant for one of my locations and al of her payroll stays in the "not specified" column. Thank you!

[catherineknight]

The answer I was looking for, now that I'm up to 5 QBO subscriptions for dba entities, etc. LOL. Thank you so much!

[lowkeyinvestor]

Man that was super helpful! Thank you!

[joymuczkorealestate]

This is precisely what I need. Where are the follow-up videos?

[NickFowler-wt]

This is exactly what I needed! Is there a follow up video that talks about the classes?

[sergiopalacios]

Thank you for sharing, this is really useful!!!!

[KokAn-xi]

Thanks for sharing this, just wondering if we have multiple entities in different countries, with different accounting specialist (local), is it possible to use 1 subscription as well, or better to have each separated ?

[muneeb]

Hi there. Very informative video. I believe this feature is available for their plus plan only. I’ve the basic membership and my quickbook do not have it.

[eachanlazlo]

Hi nick! Great Video. Just want to ask if you can edit the name of the business once you already saved it. Thanms

[markmundog]

Thanks for the video. I would like to know if we can put a limitation to a user on which location he can work/view only?

[jennvodrazka]

This is very helpful. Thank you! Is there a reason not to just use "Customers" as each business? With the tenants as sub customers? P&L's by Customer etc. The main question is what does Location tracking provide that just using "Customer" tracking does not provide?

[althearobinson]

When setting up the separate entities in QB can a separate chart of accounts be established for each entity

[emmettogiony]

Is there a way to make that Location field mandatory so it doesn't get missed?

[gtmservicesinc.]

I'm a virtual assistant. I just took on a new client that wants me to do the bookkeeping and payroll, taxes, etc. (everything QBO - Quickbooks Online does). I bought one subscription of QBO to manage the books, banking and payroll for one of my clients.
Would I be able to have those separate businesses link to separate bank and credit card accounts. I understood this video pretty good. Thank you for being so concise! But basically, I want to manage bank and cc accounts for two completely separate entities.

[lesliesmith]

Hi Nick, I am looking for a tutorial on merging existing QBO accounts into one. Thanks in advance for any resources available.