Entering data for multiple companies/divisions in one file
Hi,
If I had more than 1 company but prefer all transactions entered in 1 company file. Would that be possible or how would I go about it?
Would I be able to generate a separate P&L and Balance Sheet for each company or division?
Cheers
Hi Nansco_08
Thanks for your post. Generally speaking it would be possible to achieve this by using Jobs or Categories. Categories does allow you to report both a Category Profit & Loss and Balance Sheet.
These help articles have detailed information:
I do strongly recommend that you speak to your accountant in regards to this to ensure you are reporting correctly for BAS and tax purposes.
Please let me know if you need further help.
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