Can you open 2 companies at the same time in QBO?

Do you want to open two company files at the same time? With QuickBooks Accountant or QuickBooks Desktop Enterprise, you can have 2 company files open in 2 different versions of QuickBooks Desktop. Go to the File menu, then select Open Second Company.

How do sub accounts work in QuickBooks Online?

In QuickBooks Online, you can create subaccounts to break down your expenses, income, and more into greater detail. For example, you can divide your utilities account into subaccounts, so you can track different types of utility payments, like gas, telephone, water, and so on.

How many sub accounts can you have in QuickBooks online?

You can learn more about account types and detail types if you have questions. Select the account type and detail type. You can learn more about detail types if you have questions. Select Is sub-account and then enter the parent account.

How do I create a sub customer in QuickBooks online?

Add a sub-customer

1. Go to the Sales menu.
2. Select the Customers tab.
3. Select New Customer.
4. Select the Is sub-customer checkbox.
5. Enter the sub-customer’s info.
6. In the Enter Parent customer ▼dropdown, select the parent account.
7. Select Save.

How do I create a sub account in QuickBooks Online?

Create a new subaccount

1. Go to Settings ⚙ and select Chart of Accounts.
2. Select New.
3. Select the account type and detail type.
4. Select Is sub-account and then enter the parent account.
5. Give your new subaccount a name.
6. Select an When do you want to start tracking your finances from this account in QuickBooks option.

What is the purpose of sub accounts?

A sub-account is an optional 1-5 character attribute that can be used to break down an account into multiple smaller accounts for better tracking of detailed budgets and expenses. A good example of the use of sub-accounts would be a departmental research account that has a sub-account for each faculty member.

How do I find sub customers in QuickBooks online?

There’s no specific list or report for sub-customers in QuickBooks Online. Both main and sub-customers are listed in the Customers tab in the Sales menu and the Customer Contact List report.

How do I create a sub account in QuickBooks online?

What are the advantages of subaccounts?

A sub account is often used to compartmentalize larger accounts, thereby allowing for better tracking of various budget details and expenses. For ease of record-keeping, a company might set up sub accounts for each of its departments.

How do I see all customers in QuickBooks?

Both main and sub-customers are listed in the Customers tab in the Sales menu and the Customer Contact List report. You can export these lists to Excel where you can add more filters or remove the parent customers. Here’s how: Go to the Sales menu and proceed to the Customers tab.