Adding a new store to the headquarter on quickbooks online
To add a new store to your QuickBooks Online headquarters, follow these steps:
Step 1: Log in to QuickBooks Online
Open a web browser and log in to your QuickBooks Online account.
Step 2: Go to the Company Settings
Click on the gear icon () in the upper right corner of the screen, then select "Company Settings" from the dropdown menu.
Step 3: Click on "Multi-Company File"
In the Company Settings page, click on the "Multi-Company File" tab.
Step 4: Click on "Add a Company"
Click the "Add a Company" button.
Step 5: Enter the New Company Information
Enter the following information for the new store:
- Company name
- Company type (e.g., retail, wholesale, etc.)
- Industry
- Fiscal year end date (if different from the headquarters company)
- Currency (if different from the headquarters company)
Step 6: Set up the New Company's Chart of Accounts
QuickBooks will automatically create a new chart of accounts for the new store. You can customize this chart of accounts by adding or removing accounts as needed.
Step 7: Set up the New Company's Payroll
If you plan to run payroll for the new store, you'll need to set up a new payroll schedule and employee records.
Step 8: Set up the New Company's Inventory
If you plan to track inventory for the new store, you'll need to set up a new inventory system and track inventory levels.
Step 9: Review and Save the New Company Information
Review the new company information to ensure everything is accurate and complete. Then, click "Save" to save the changes.
Step 10: Repeat the Process for Each Additional Store
Repeat the process for each additional store you want to add to your QuickBooks Online headquarters.
That's it! Once you've added the new store, you can manage all of your companies from the QuickBooks Online dashboard.