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Can I use one quickbooks licence for a parent company and 3 other companies using classes? Company is registered for group VAT and one Corp Tax submission

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QuickBooks Online

Level 13

Hey accountsinfo,

As John mentioned above we wouldn't reccommend using only one licence for multiple companies as the subscriptions are designed to be for one business entity and can only produce one VAT return and trail balance for end of year accounts.

Thanks

P

payment after leaving

Level 10

Hi Denise81

We don't recommend using one subscription, you can of course set the 3 companies up under class and run P&L's by class however you are not able to run Trial Balance and General Ledger reports by class.

A

accountsinfo

Hi John,

Is it necessary to have a subscription or licence for each company? I administer many and would prefer one multi-company licence as this is pretty expensive.

Kind regards

Jo

G

GeorgiaCAnswer

Level 13

Hey accountsinfo,

As John mentioned above we wouldn't reccommend using only one licence for multiple companies as the subscriptions are designed to be for one business entity and can only produce one VAT return and trail balance for end of year accounts.

Thanks

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