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Adding two companies (entity) to one

Rene' McKay's Profile

I have a company that has three companies (design part, installation and manufacturing) one being the larger of the two but all owned by the same person. The hassle is logging into each one separately to post Accounts Receivable and Accounts Payable. All money comes from the same bank account and we need a seperate P&L for all three. How can I do this (same chart of accounts) for all.

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

If they are the same legal entity, use Departments. Some systems call it classes, other tracking, the effect is the same.

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