QuickBooks is a powerful accounting software that is widely used by small and medium-sized businesses to manage their financial operations. The software is available in different versions, each designed to meet the needs of different types of businesses. In this article, we’ll explore what QuickBooks is, which version to use, and how to setup multiple companies to QuickBooks Desktop & Online.
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What is QuickBooks?
QuickBooks is a comprehensive accounting software developed by Intuit. The software is designed to help businesses manage their finances, including invoicing, expense tracking, payroll processing, tax preparation, and more. QuickBooks offers a range of features and tools that make it easy for businesses to track their financial transactions, generate reports, and make informed decisions about their finances.
Which Version Of QuickBooks Should You Use?
QuickBooks offers several versions, including QuickBooks Desktop, QuickBooks Online, and QuickBooks Self-Employed. The version you choose will depend on your business needs. QuickBooks Desktop is ideal for businesses that need advanced features and want to have full control over their data. QB Online, on the other hand, is a cloud-based software that offers anytime, anywhere access to your financial data. QuickBooks Self-Employed is designed for freelancers and independent contractors who need a simple way to track their income and expenses.
How to Add Multiple Companies in QuickBooks in the Desktop Version?
If you are using the Desktop version of QuickBooks, you can add multiple companies to the software by following these steps:
- Open QuickBooks on your computer
- Visit the QuickBooks Pricing Page
- To purchase QuickBooks, you must create an Intuit account
- The bottom of the page can be found by scrolling down
- A small text message reads “Adding a company to an existing account“
- You will see the “Sign In” option next to this text
- Sign up by clicking here
- The login page will be displayed
- Use your login ID and password to access your account
- Following that, you will be asked to confirm the account you want to sign in with
- Please click “Continue” if the account displayed is the one you want to continue with.
- Enter the same login information again when prompted
- Your profile page will appear
- Click on the “File” tab on the main menu
- A drop-down menu will appear when you click on the tab
- Select “New Company” from the drop-down menu
- There will be a window labeled “New Company”
- Select “Start Interview” from that window
- A new window will appear with designated sections asking for information about your company
- Provide the necessary information (name, address, contact information, etc.).
- Select “Next” from the menu
- The file should now be saved in a location of your choice
- You will see a dialogue window titled “File Name for New Company”
- Select the folder where you wish to save the company file
- The file should be named
- The “Save” button will appear
- There will be another dialogue box asking for more information about your company
- The dialogue box will prompt you to fill out all the fields
- Click “Finish” when you’re done
How to Add Multiple Companies in QuickBooks Online?
Setup multiple companies in QuickBooks to QuickBooks Online is a straightforward process. Here’s how to do it:
- You will need to log in to your QuickBooks Online account (or create one if you don’t already have one).
- You will then be taken to the QuickBooks Online website that is specific to your region by clicking Quickbooks.intuit.com (choose-country).
- Choose the version you want to use
- Depending on your country, you can either buy it now or start a free trial.
- The Sign In page will appear
- Log in to QuickBooks Online
- Select your country and QuickBooks version once again
- Subscription options include Simple Start, Essentials, and
- Select the “Add Another Company?” option on the homepage.
- Click Yes in the dialogue box that appears next.
In conclusion
QuickBooks is an excellent tool for managing your business finances. With the ability to add multiple companies, businesses can keep track of all their financial operations in one place. Whether you are using the Desktop or online version of QuickBooks, Setup multiple companies in QuickBooks is a simple process that can be completed in just a few steps.
FAQ
What is QuickBooks?
QuickBooks is a powerful accounting software designed to help businesses manage their finances, including invoicing, expense tracking, payroll processing, tax preparation, and more.
Which version of QuickBooks should you use?
QuickBooks offers several versions, including QuickBooks Desktop, QuickBooks Online, and QuickBooks Self-Employed. The version you choose will depend on your business needs.
Is QuickBooks only for small businesses?
No, QuickBooks can be used by both small and medium-sized businesses to manage their financial operations.
What features does QuickBooks offer?
QuickBooks offers a range of features and tools that make it easy for businesses to track their financial transactions, generate reports, and make informed decisions about their finances.
How do you add multiple companies in the Desktop version of QuickBooks?
To add multiple companies to the Desktop version of QuickBooks, you need to visit the QuickBooks Pricing Page, create an Intuit account, and follow the step-by-step instructions.
Is it easy to add multiple companies in QuickBooks Online?
Yes, Setup multiple companies in QuickBooks to QuickBooks Online is a straightforward process that can be completed in just a few steps.
Can QuickBooks help with tax preparation?
Yes, QuickBooks offers a range of tax preparation features that can help businesses prepare and file their taxes more efficiently.
What is QuickBooks Self-Employed?
QuickBooks Self-Employed is a version of QuickBooks designed specifically for freelancers and independent contractors who need a simple way to track their income and expenses.
Can QuickBooks be used for payroll processing?
Yes, QuickBooks offers payroll processing features that can help businesses manage their employee payroll more efficiently.
Is QuickBooks a cloud-based software?
QuickBooks offers both Desktop and online versions. QuickBooks Online is a cloud-based software that offers anytime, anywhere access to your financial data, while QuickBooks Desktop is a Desktop software that requires installation on a computer.