Can I set up a second company under Quickbooks Desktop?

We have an affiliated small company and I want to keep the accounting separate.  I copied the file and set up a new company, but it shows the same name.  That will potentially lead to errors if I cannot change the name.

Answer

Hello there, KySports,

Let's update the company's filename in QuickBooks.

You can definitely set up a second company in QuickBooks Desktop. Since you already have an existing company file saved on your computer, you need to make sure to use a unique name when creating a new company file.

Since it shows the same name, you need to edit or change the filename. Here's how:

  1. Log in to QuickBooks.
  2. Check the location of the file by pressing F2.
  3. Go to the file location.
  4. Edit the filename.

Once done, you need to update the company information in QuickBooks. Please follow these easy and simple steps below:

  1. Go to the Company menu.
  2. Choose My Company.
  3. Select the Pencil icon.
  4. Edit the Company Name.
  5. Click OK.

That's it. By performing the steps above, you'll be able to change the company's filename in QuickBooks.

You can check out this article for further reference: Create QuickBooks Desktop company file: Overview.

Please don't hesitate to leave a comment below if you have other concerns about creating a second company in QuickBooks Desktop. I'm just around if you need help.

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