I currently manage two company files within Quickbooks Pro 2012 which cannot be open simultaneously. This makes for a frustrating and time consuming user experience. We are now in the process of setting up another entity, and I know more headaches await me should I try and manage three company files in this manner. Any suggestions for a better way to manage multiple entities in a Quickbooks environment?
Editor's Discussion Summary:
QuickBooks Enterprise is a common choice for multiple entity management.
QB Accountant or QB Professional Bookkeeper versions allow 2 entities to be open at the same time.
Consideratins before upgrading to higher levels of QuickBooks
If consolidations are required, investigate further before upgrading
Some have added a two digit entity code to the account numbers as a work-around
Some favor NetSuite, other higher versions of QuickBooks