topic I have two businesses, do I get two subscriptions to QB Self Employed? in Business & farm

I have two businesses, do I get two subscriptions to QB Self Employed?

BrunMar — Wed, 05 Jun 2019 22:37:01 GMT

My wife has a nail business and I have a internet business. how can both business take advantage to the QB Self Employed offer?

Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

RodrigoS — Wed, 05 Jun 2019 22:37:02 GMT

Yes.

With 2 subscriptions to QuickBooks Self-Employed you'll be able to separately track expenses, miles, etc. for each business.

Currently, you cannot track two businesses at the same time within one account of QuickBooks Self-Employed.

Re: Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

donnahaverlock — Mon, 20 Jul 2020 23:57:55 GMT

Other replies have said i can use the same login information, and just toggle between the 2 businesses, however, i cannot figure out how to enter the other business...any ideas?

Re: I have two businesses, do I get two subscriptions to QB Self Employed?

Carl — Tue, 21 Jul 2020 01:43:41 GMT

The below applies to ***TURBOTAX*** only. It DOES NOT APPLY to Quickbooks.

If the business is a sole proprietorship or single member LLC with only one owner, all business income and all business expenses are reported on SCH C as a physical part of your personal 1040 tax return.

The TurboTax program can handle up to 5 single owner businesses with each business reported on it's own SCH C as a physical part of your personal 1040 tax return. it does not matter if you are filing a joint return either.

The below applies to Quickbooks, and has "NOTHING" what-so-ever to do with TurboTax or your taxes.

If you are using the online version of Quickbooks to track business income and expenses, then you will need to $PAY$ for a subscription for each individual business.

If you purchase the CD version of QUickbooks and physically install it on your MAC or Windows computers, then you can use that version for as many individual businesses as you like without having to pay a separate fee for each business. HOWEVER:

Using the Cd version of Quickbooks, you can not import your Quickbooks data into the online version of TurboTax. But you *can* import it into the CD version of TurboTax.

Likewise, if you use the online version of Quickbooks, you can not import it into the CD version of TurboTax. But you can import it into the online version - but you can only import "ONE" Quickbooks subscription account. You'll have to enter data for the other account by hand, one keystroke at a time.

Re: Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

AmeliesUncle — Tue, 21 Jul 2020 17:53:31 GMT

@donnahaverlock wrote:
Other replies have said i can use the same login information, and just toggle between the 2 businesses, however, i cannot figure out how to enter the other business...any ideas?

Are you sure that is for the online version?

I know you can set up many businesses using the CD/downloaded version for your computer. But I thought the online version was only one business.

Re: Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

Opus 17 — Tue, 21 Jul 2020 18:28:15 GMT

@donnahaverlock wrote:

Other replies have said i can use the same login information, and just toggle between the 2 businesses, however, i cannot figure out how to enter the other business...any ideas?

If using Turbotax Online to prepare your taxes, you have one tax return and one account. Your tax return can have more than one schedule C if you have more than one business.

The original question was for Quickbooks Self-Employed online version. QBSE Online can only do accounts for one business. If you had two businesses, you would need two QBSE online accounts, or buy the full version of Quickbooks which is not limited to one business.

Re: Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

Anonymous — Mon, 18 Apr 2022 19:00:52 GMT

Is that true for all versions of QB Online or just Quick Books Self Employed?

Re: Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

AliciaP1 — Tue, 19 Apr 2022 02:53:59 GMT

Each login to Quickbooks Online will only access 1 business.

@Anonymous

Re: Yes. With 2 subscriptions to QuickBooks Self-Employed yo...

Anonymous — Tue, 19 Apr 2022 03:03:08 GMT

@AliciaP1 AliciaP1 - thanks!