Using QuickBooks for Multiple Businesses

By Harriet Gatter

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 accounting questions you would like considered for the column to hgatter@accountingsupportllc.com with the subject line of "Ask the Accountant."

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Harriet Gatter, owner of Accounting Support LLC, was an ad specialty distributor for 23 years and an adjunct professor of accounting at Neumann University. She sold her ad specialty business in 2012, became certified as a QuickBooks ProAdvisor, and now works exclusively with ad specialty distributors nationwide on their QuickBooks, order management and accounting needs.