Solo

Hi Constantinos1​ - this is a great question, and running more than one business simultaneously sounds like a good problem to have 🙌

Solo is designed to help you run one business per Solo account, so we don’t recommend using one account for two separate businesses, even if they share an ABN.

Your business details and invoice template are shared across the account, so you can’t maintain separate business identities and invoice setups. Online Payments and Tap to Pay are also linked to the business and settlement details, so they aren’t suited to supporting two businesses from one Solo file. Combining both businesses would also mix your income, expenses, record keeping and reporting, which can make it harder to keep everything clear and accurate.

In other words, the benefits and simplicity from using one Solo account could quickly evaporate when it comes time for the admin side of the business.

Some Solmates manage this by using a separate Solo subscription for each business. That keeps the invoices, payments, records and reports separate. It’s also worth checking your setup with an accountant, especially if the businesses have different ABNs or legal structures.

You can manage multiple Solo subscriptions using the same email and password for your current Solo account. With two or more accounts linked to the same ID, you'll see something like this once you log in:

 

This business list picker will make it easy to use one login ID across all your businesses.

 

And switching between your businesses when actively using one is pretty easy too. Just head over to More and tap Business settings -> Switch business

 

 

Lots to take in there, so please let me know if you have any follow-up questions 💜