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accounting file: Transfer funds between two companies

If you are in the US, then each company is required to have its own accounting file, even if you are a sole proprietor. You just include one schedule C for each company in the 1040 filing.

Moving funds between companies will depend on how the companies are taxed, if both […]

Resolution for 'accounting file issue: 'Transfer funds between two companies' available: Yes.

The accounting file issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting file issue yourself by looking for a resolution described in the article. If it is a complex accounting file issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting file support options.

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accounting file: Best way to set up multiple rental properties?

The prevaling rhetoric on the net is one LLC per property, which per the IRS means one accounting file for each, so yes in QBO that is one subscription per company. You can get by with essentials if it is one property per llc.

desktop is one purchase price and as […]

Resolution for 'accounting file issue: 'Best way to set up multiple rental properties?' available: Yes.

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accounting file: Client w/small business (foods sold wholesale) $10 version. Starting cafe selling same foods. DBA way to go? Only Pro offers classes. Best way to proceed w/2 payrolls?

If they are two companies then the requirement is one accounting file per company, which in QBO means two subscriptions

On the other hand, it sounds more like the cafe is part of the other company, a division so to speak and that is the way I would treat it.

first company […]

Resolution for 'accounting file issue: 'Client w/small business (foods sold wholesale) $10 version. Starting cafe selling same foods. DBA way to go? Only Pro offers classes. Best way to proceed w/2 payrolls?' available: Yes.

For more information about resolving issues related to accounting file in Quickbooks/QBO or to get support for the issue 'Client w/small business (foods sold wholesale) $10 version. Starting cafe selling same foods. DBA way to go? Only Pro offers classes. Best way to proceed w/2 payrolls?', click the link below:

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accounting file: How to categorize money transferred from Business Checking to Business Savings for Quarterly / Annual taxes?

Your personal bank accounts should not be in QBO at all, or at least not in the business accounting file

If you take a salary, then you are taxed as a c- or s-corp, that is your money and should be paid to you in QB. In real life you might […]

Resolution for 'accounting file issue: 'How to categorize money transferred from Business Checking to Business Savings for Quarterly / Annual taxes?' available: Yes.

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accounting file: I have an LLC & 1 DBA, do I setup Quickbooks as the LLC company or make no mention of that and use only my DBA name for which I’ll be conducting business? Thanks!

you are not clear on the structure here, is there two businesses or one business?

LLC is not a business type, you are a sole proprietor, partnership or corporation for taxes

d/b/a is usually a sole proprietor

If they are two businesses then you need two subscriptions, each company needs its own accounting […]

Resolution for 'accounting file issue: 'I have an LLC & 1 DBA, do I setup Quickbooks as the LLC company or make no mention of that and use only my DBA name for which I’ll be conducting business? Thanks!' available: Yes.

For more information about resolving issues related to accounting file in Quickbooks/QBO or to get support for the issue 'I have an LLC & 1 DBA, do I setup Quickbooks as the LLC company or make no mention of that and use only my DBA name for which I’ll be conducting business? Thanks!', click the link below:

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accounting file: I need to keep the books for a small partnership which has purchased a house and is renovating the building for resale

Yes a partnership requires a business accounting file, and an FEIN from the IRS, as well as any requirements from the state.

You never mix personal finance with business operations
the partnership pays expenses, the partnership earns income, end of year tax filing distributes net income

you must have a partnership agreement in […]

Resolution for 'accounting file issue: 'I need to keep the books for a small partnership which has purchased a house and is renovating the building for resale' available: Yes.

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accounting file: QBO user: How do I set up our new DBA that has the same tax id# and same location number as my current company?

In the US, each business has to have its own accounting file, file its own tax form (sch C for sole proprietors), and stand on its own financially.

So a sole proprietor might have more than one schedule C as part of his 1040 filing.

short answer is a new business should […]

Resolution for 'accounting file issue: 'QBO user: How do I set up our new DBA that has the same tax id# and same location number as my current company?' available: Yes.

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accounting file: Hi! I cannot find a report in quick books online for sales by company report? How can I make a report for sales by company?

In the US, the IRS requires that each company have its own accounting file, even if you are a sole proprietor, and each company files its own tax return (for a sole p, that means multiple schedule C’s)

To answer your question though, QB reports on that company file, since there […]

Resolution for 'accounting file issue: 'Hi! I cannot find a report in quick books online for sales by company report? How can I make a report for sales by company?' available: Yes.

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accounting file: Get rid of the newly required password on Quickbooks Pro 2016, desktop. What a miserable, lousy update. Undo it. Now.

One nice thing I found is that the complex password is reversible. I had a simple accounting file for a trust – but presence of the EIN in company information triggered the complex passwords when I installed the R7 update. I was able to go in and remove the EIN […]

Resolution for 'accounting file issue: 'Get rid of the newly required password on Quickbooks Pro 2016, desktop. What a miserable, lousy update. Undo it. Now.' available: Yes.

For more information about resolving issues related to accounting file in Quickbooks/QBO or to get support for the issue 'Get rid of the newly required password on Quickbooks Pro 2016, desktop. What a miserable, lousy update. Undo it. Now.', click the link below:

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