How to Handle Multiple Companies on QuickBooks
Ask the Accountant...
Question: Can I run more than one company when I buy QuickBooks?
Answer: Yes and yes, but....
Yes: QuickBooks Pro and Premier allow multiple company files for one flat fee, which makes these two versions of QB an even more cost-effective accounting software for those running multiple business entities.
One word of caution—only one company can be open at a time. Make sure you have the appropriate company open when entering data.
But: QuickBooks Online (not recommended for our industry) does allow for multiple companies, but charges for each one.
Please email your questions to Harriet at Ask The Accountant.
QuickBooks Premier and Enterprise can be modified to better serve ad specialty distributors. Harriet Gatter is a QuickBooks ProAdvisor, a former accounting professor and a former ad specialty distributor. She advises ad specialty distributors to use QuickBooks Premier and Enterprise, often in conjunction with other industry-specific software, to manage the complexities of the ad specialty business, with the results being time saved, errors eliminated and an overall accurate accounting of your business. Contact her at firstname.lastname@example.org.