In QuickBooks Online, it’s only one entity is allowed per subscription. For a second (or additional) entity, you will need to purchase a different subscription. But you can switch between the multiple entities under one user ID.
Note: There is no option to create multiple companies from one paid subscription in QBO like in QuickBooks Desktop versions.
To add a second (or additional) company in QBO:
You can log on to both with one ID if you do the following:
Go to http://quickbooks.intuit.com/pricing
Click Buy Now under the version you want.
Click “Already have an Intuit account from TurboTax, Mint or Quickbooks? Sign In.”
(See screenshot below for “Sign In” link reference)
Enter your login information (email address or User ID) and follow the on-screen prompts to set up the second company.
And then to log-in to your account ( http://qbo.intuit.com / ), you will have the option to select your companies.
Once you’re signed in, click the Top Gear icon to Switch Company.
QBB is a file extension for a backup file format used by Quickbooks desktop. There is no way to directly import QBB file to QuickBooks Online (QBO). You will need QuickBooks desktop version program to restore this backup company file. Here is more information on how to restore a backup company file in QB desktop version: https://community.intuit.com/articles/1436903-restore-a-backup-company-file
QuickBooks Online March 2018 Updates:
✔ Assign preferred Vendor/Supplier to the Products and Services List
✔ Assign default Class codes to the Products and Services List
✔ Quantity on Purchase Order (PO) column added to the Products and Services page
1) Assign preferred Vendor/Supplier to the Products and Services List
QBO (available in Plus plan only) will now see the field Preferred Vendor/Supplier when setting up Inventory Items under the Purchasing Information section. A preferred vendor is also available as an additional column that can be added to the Product and Service List report.
If you add a Preferred Vendor/Supplier to your Inventory Items, and you select Reorder from the Action column for that item, the Purchase Order will automatically populate with that Vendor name saving you an extra step.
2) Assign default Class codes to the Products and Services List
A new Class field (available in Plus plan only) has been added to the Items on your Product and Services List. You can see the Class field directly under Category when adding/editing items. Adding a Class to your Items will save you time when entering Sales transactions as well as Expense transactions using those Items as the Class will automatically be assigned. The Class field has also been added to the Product and Services List report and the Physical Inventory Worksheet report.
3) Quantity on Purchase Order (PO) column added to the Products and Services Page
Quantity on PO (available in Plus plan only) has now been added to the Products and Services page. You will see the field directly underneath the Reorder point field.
The Quantity on PO field is a static field and pulls its calculations from open item quantities on Purchase Orders for all dates (including those dated in the future). The PO can belong to different vendors, but must not be closed. Also, for partially received POs, the item on the detail line cannot be manually closed.
• QTY on PO is now an available column on the Product and Services list
• QTY on PO is now an available column on the Product and Services List report
• Default column on the Physical Inventory Worksheet report
Mouse over tooltip, “Qty on PO” has been added to the QTY column of Sales and Purchases transaction forms. You will now know if quantities are on order at the time of the sale.
1) First, you want to access your account, make sure to log in to like normal > http://qbo.intuit.com.
2) Copy and paste this link (once you’re already logged in) > https://qbo.intuit.com/app/changeplan
3) It shows you choices to downgrade. Pick new “Choose plan” button. Make sure to review what features will be disabled.
4) Confirm it, and log back in.
Alternatively, you can also call support at 1-888-333-3451. Currently, the downgraded plan is available for the US customers only.
For more video tutorial, check out this short video.
QuickBooks Online Accounting for Sole Proprietorship Business (QBO Tutorial For Beginners)
Get free QuickBooks Online QBO training with easy How-To-Use video tutorials and visual guides. Learn QBO whenever you want and at your own pace.
Switching to QuickBooks Online from a desktop version of QuickBooks? Also, check out our video tutorials!
QuickBooks Online – how to cancel 30-day free trial or paid QBO subscription.
After cancellation, you can still log in and will have access to your company data for 90 days. After that, data will be permanently deleted.
To get “Sign into QuickBooks Online” screen open:
From the QuickBooks Enterprise Solutions screen > Press Ctrl+1 to open the Product Information window > Once opened, press Ctrl+b+q > Click OK to close the Product information window.
Look for this screen to open:
If you have QuickBooks Desktop file older than 2015 with inventory items and try to convert to QBO, read this article first. You will need 2015 or newer version to import inventory properly. They offer you the latest trial version. Click here for trial links. This is for US version only.
Note: Even with this latest version of QBD, you may experience some issues with inventory in QBO. Also, you may want to a 100% physical inventory, and adjust current qty to match in desktop before exporting to QBO. There is no value adjustment in QBO.