Using QuickBooks for Multiple Businesses
Question: I use QuickBooks Premier for my distributorship. I also run another small business. Can I use my QuickBooks program for that, too, or do I have to buy Premier again?
Answer: You can set up another company or companies in QuickBooks Premier at no additional charge from QuickBooks. You do not have to purchase Premier again.
If the two companies are distinct and separate, you will want to create an entirely new company file for the second company.
To do this, go to "File," and then "New Company". You can choose "Express Start" to answer a few questions to get you started.
This feature makes the very reasonable purchase price of Premier all the more attractive.
As a side note, QuickBooks Online will charge you an additional fee for each company you create and run in this program.
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.